USD/HKD wavers after relatively weaker Hong Kong Q3 GDP data

The USD/HKD is little changed today as traders digest the latest third-quarter GDP data from Hong Kong. It is trading at 7.7537, which is slightly higher than last month’s low of 7.7500. Hong Kong GDP data Hong Kong has had significant success in dealing with the Covid pandemic. The small administrative region of more than 7.5 million people has recorded just 5,400 cases and 103 deaths. This success is mostly because of the government’s emphasis on rapid testing and contact tracing. However, the city’s economy has struggled because of the decline in foreigners to the city that has affected the