Hong Kong Dollar Drops To 3-day Low Against U.S. Dollar
January 06 2011 - 12:20AM
RTTF2
The Hong Kong dollar fell to a 3-day low of 7.7745 against the
U.S. dollar in Asian session on Thursday. At present, the pair is
trading at 7.7734, compared to Wednesday's close of 7.7708. On the
downside, 7.786 is seen as the next target level for the Hong Kong
dollar.
Hong Kong's private sector growth accelerated for the fifth
straight month in December to end 2010 on a high, new survey data
showed today.
The Markit-HSBC purchasing managers' index rose to a seasonally
adjusted 55.0 from 53.5 in November. Despite stronger growth,
employment in the Hong Kong private sector fell slightly for a
second consecutive month in December, new survey data added.
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