USDHKD

The performance of USD/HKD is determined by two of the world’s major economies: Hong Kong and the USA. This pair is famed for its high volatility that is emerging from the wide range of factors driving the financial status of these two currencies. USD/HKD is ideally suited to professional investors with a libertine approach to trading.

Talking about the factors that affect the rate of HKD, we can note such macroeconomic indicators as GDP, Trade balance and the Unemployment Rate. Keep in mind that the Hong Kong economy is directly dependent on the world prices to gas, oil, metals, and so on, due to the lack of own resources. One more important fact: Hong Kong is the service-oriented country that makes re-export of goods from China, so you should carefully examine the data from both countries.

USD/HKD is not suitable for intraday trading due to the low volatility, it is customary to use it for the carry-trade based strategies since this currency pair has a swap if you stand in a short position.

If you are interested in trading the USD/HKD currency pair, contact FxPro today and open trading account in several minutes.