Hong Kong dollar on the 1st morning narrow range - Forex wireless

Forex wireless

8/02/2008

Hong Kong dollar on the 1st morning narrow range

Hong Kong dollar on the 1st morning narrow range, the trend downward, the dollar popularity slump, the latest at 7.8027 Hong Kong dollar, July 31 Daily 7.8029 Hong Kong dollar.
Foreign exchange strategist said, the U.S. second quarter GDP growth lower than expected, which hurt dollar sentiment.
In the United States today announced the July non-farm payrolls data, investors or the lifting of the financing arbitrage trading position, because the market is expected to weak data, the dollar fell face pressure. The exchange rate is expected to be short-term fluctuations in the Hong Kong dollar 7.8000-7.8040.

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