AGL 40.00 Decreased By ▼ -0.20 (-0.5%)
AIRLINK 130.35 Increased By ▲ 1.24 (0.96%)
BOP 6.35 Decreased By ▼ -0.25 (-3.79%)
CNERGY 4.03 No Change ▼ 0.00 (0%)
DCL 8.73 Increased By ▲ 0.28 (3.31%)
DFML 42.90 Increased By ▲ 1.65 (4%)
DGKC 87.59 Increased By ▲ 0.59 (0.68%)
FCCL 33.71 Increased By ▲ 0.36 (1.08%)
FFBL 65.90 No Change ▼ 0.00 (0%)
FFL 10.65 Increased By ▲ 0.11 (1.04%)
HUBC 113.20 Increased By ▲ 2.50 (2.26%)
HUMNL 16.03 Increased By ▲ 0.80 (5.25%)
KEL 4.79 Increased By ▲ 0.01 (0.21%)
KOSM 7.94 Increased By ▲ 0.11 (1.4%)
MLCF 42.09 Increased By ▲ 0.19 (0.45%)
NBP 61.00 Increased By ▲ 0.50 (0.83%)
OGDC 184.60 Increased By ▲ 1.80 (0.98%)
PAEL 25.46 Increased By ▲ 0.10 (0.39%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 146.80 Decreased By ▼ -1.01 (-0.68%)
PRL 24.60 Increased By ▲ 0.04 (0.16%)
PTC 16.50 Increased By ▲ 0.26 (1.6%)
SEARL 70.60 Increased By ▲ 0.10 (0.14%)
TELE 7.34 Increased By ▲ 0.04 (0.55%)
TOMCL 36.21 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.09 Increased By ▲ 0.24 (3.06%)
TREET 15.58 Increased By ▲ 0.28 (1.83%)
TRG 51.50 Decreased By ▼ -0.20 (-0.39%)
UNITY 27.50 Increased By ▲ 0.15 (0.55%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,887 Increased By 44.8 (0.45%)
BR30 30,256 Increased By 219.9 (0.73%)
KSE100 92,952 Increased By 431.7 (0.47%)
KSE30 28,850 Increased By 63.5 (0.22%)

The Hong Kong dollar weakened against the US dollar on Thursday with UK and US banks buying US dollars, traders said. China's move this week to raise bank reserve requirements continued to put pressure on the Hong Kong currency as tighter Chinese monetary policy could curb capital inflows to the territory from the mainland, analysts said.
The local currency was quoted at 7.7566/68 versus the US dollar, having earlier hit a session low of 7.7570. Analysts said the Hong Kong currency was also depressed by a rally this year in Asian currencies that are not pegged to the dollar, such as the Indonesian rupiah, which are benefiting from rising risk appetite as the global economy shows signs of improving. Traders expect the Hong Kong dollar to trade in a range between 7.7550 and 7.7585 in the next two weeks.

Copyright Reuters, 2010

Comments

Comments are closed.