The Hong Kong dollar was firmer but off highs in late trade on Monday after the government said the city's jobless rate for April-June had been unchanged at 5.7 percent, missing forecasts for a slight improvement. The Hong Kong dollar was trading at 7.7760/65 after hit a high of 7.7756 earlier in the day on renewed speculation that China could soon revalue its currency. A continued flow of money into the Hong Kong stock market helped.
The local dollar was stood at 7.7758/63 in mid-morning and closed at 7.7779/81 on Friday.
Some economists said the unemployment data was slightly disappointing, against market forecasts of 5.6 percent, but overall the data suggested the labour market was still in good shape.
Comments
Comments are closed.