Borrowing in a weak HK dollar with funding rates below U. S. Libor makes the HongKongcurrency arguably one of the best funding vehicles for global currency traders, say Nomura.
Indeed, with the weakening of the yen this week, HongKongcurrency is already under pressure in the form demonstrated in the higher interbank interest rate in the last few days.
事实上,本周日元疲弱,已令港元受到压力,过去数天,银行同业拆息已被扯高。
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PRICE: The currency manifesting the price shall be the basis currency of payment, unless otherwise specified, US $ means the U. S. Doitars, HK $ the HongKong Dollars, ? the Pound Sterling.