Forex Market Update: US Dollar/Hong Kong Dollar

The forex market for the US Dollar/Hong Kong Dollar (USD/HKD) has shown resilience despite mixed economic signals from China. As of June 1, 2025, the close price for USD/HKD was 7.8421, with a 52-week high of 7.8446 recorded on the same day and a 52-week low of 7.71848 on August 4, 2024. The primary exchange for this currency pair is IDEAL PRO.

Asian Markets Show Resilience

Despite weaker-than-expected economic data from China, Asian markets, including Hong Kong, have shown a slight uptick. On June 3, 2025, Asian stock markets followed the positive lead from US markets, closing higher. This upward trend was supported by gains in technology stocks, which benefited from positive developments in the US sector and encouraging statements from Taiwan Semiconductor regarding AI demand.

Impact of US Policies and Holidays

The US-Zollpolitik (tariff policy) has been a recurring theme affecting Asian markets. On June 2, 2025, the announcement by US President Donald Trump to double tariffs on imported steel added pressure, contributing to a weaker performance in Asian markets, including a 1.1% drop in Hong Kong’s Hang Seng Index (HSI) in late trading.

Additionally, market activities were influenced by regional holidays. On June 2, 2025, Shanghai markets were closed due to the Dragon Boat Festival, and on June 3, 2025, Seoul markets were closed for the “Presidential Elections” holiday.

Conclusion

Despite the challenges posed by weaker economic data from China and US tariff policies, the USD/HKD pair has maintained stability, reflecting broader market dynamics and investor sentiment in Asia. The resilience of technology stocks and the influence of US market trends continue to play a significant role in shaping the forex landscape for USD/HKD.