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Carry trade returns as interest rate gap drives Hong Kong’s dollar to the weak end of its peg
![Carry trade returns as interest rate gap drives Hong Kong’s dollar to the weak end of its peg 1 Newsdaily1](http://i0.wp.com/en.newsdailyarabic.com/wp-content/uploads/2022/05/Newsdaily1.png?resize=512%2C470&ssl=1)
The currency weakness is being fuelled by a plunge in the local cost of borrowing, which decreases the appeal of owning the Hong Kong dollar versus its US peerRead More