Hong Kong Dollar Falls To 6-day Low Against U.S. Dollar
February 21 2011 - 10:53PM
RTTF2
The Hong Kong dollar dropped against its U.S. counterpart during
early Asian session on Tuesday. The Hong Kong dollar is now trading
at a 6-day low of 7.7910 against the greenback, compared to
Monday's close of 7.7839. If the Hong Kong currency slips further,
it may target the 7.796 level.
Today, Hong Kong is scheduled to release the consumer price
index rate for January. Analysts are expecting to see the inflation
rate come in at 3.3 percent, up from 3.1 percent in December.
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