Hong Kong Dollar Dips To 1-week Low Against U.S. Dollar
January 17 2011 - 9:36PM
RTTF2
The Hong Kong dollar declined to a 1-week low of 7.7784 against
the U.S. dollar in early Asian deals on Tuesday. The Hong Kong
currency is presently trading at 7.7774 against the greenback,
compared to yesterday's close of 7.7757. If the Hong Kong dollar
weakens further, it may target the 7.780 level.
Today, Hong Kong will announce the seasonally adjusted
unemployment rate for December. Analysts are expecting the rate to
ease slightly to 4.0 percent from 4.1 percent in November.
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