HK dollar in crosshairs on China risk, Fed rate bets ...Qatar

One of the dullest currencies in the world is gaining attention due to China’s regulatory crackdown and bets on higher US rates. The Hong Kong dollar has fallen 0.2% in August, poised for its biggest monthly loss since March. Speculation on the timeline of a Federal Reserve rate hike and concern about the coronavirus spread have bolstered the greenback. A selloff in Hong Kong’s shares following China’s crackdown on the country’s biggest technology companies has further weighed on the dollar-pegged currency. “I wouldn’t rule out 7.8 being breached in the near term if sentiment worsens,” said Eddie Cheung, senior emerging markets strategist at Credit Agricole CIB in Hong Kong. Still, “we will

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