Thursday, 21 June 2012

USD/HKD Steady Post FOMC; 7.7580-7.7600 Band


The USD/HKD is steady in the absence of market-moving news, says a trader at a Singaporean bank. The pair at 7.7592 vs 7.7591 late Wednesday in Asia. "The FOMC meeting didn't bring any surprises to the market and there is no clear signs on further quantitative easing in the U.S., so the pair remains in a narrow trading band," the trader says. He tips the pair in a 7.7580-7.7600 band in the near term.

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