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Hong Kong dollar to US Dollar Forecast (HKD/USD) Prediction for 2024, 2025, 2026
Updated: August 19, 2024 (10:57)
Reverse forecast: USD to HKD
Hong Kong dollar / Dollar price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Hong Kong dollar (HKD) to Dollar (USD) | 12.8 | 12.8 | 12.6 | |
| 200 Hong Kong dollar (HKD) to Dollar (USD) | 25.6 | 25.5 | 25.3 | |
| 500 Hong Kong dollar (HKD) to Dollar (USD) | 63.9 | 63.8 | 63.2 | |
| 1000 Hong Kong dollar (HKD) to Dollar (USD) | 127.8 | 127.5 | 126.4 | |
| 3000 Hong Kong dollar (HKD) to Dollar (USD) | 383.5 | 382.5 | 379.3 |
How much will the HKD/USD currency pair cost in 2024, 2025 and 2026? What is the forecast for the HKD/USD currency pair? What is the target price of the Hong Kong dollar / Dollar currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Hong Kong dollar rise or fall against the Dollar?
Identifying the trend of the HKD/USD currency pair
The announcement of Trump's cryptocurrency venture, indicating a move towards decentralized finance, creates optimism and a bullish sentiment regarding the USD, suggesting potential shifts in traditional finance frameworks could bolster the currency's demand.
With stablecoins reinforcing the USD's global position, particularly in regions without direct US banking access, the dominance of the dollar is underscored, although the current sentiment remains neutral. This trend might support the USD valuation's stability in international markets.
Concerns about Tether's reserve transparency could affect market confidence in stablecoins; however, this does not significantly impact the USD's exchange rate, demonstrating a limited correlation in the immediate term.
The integration of USDC on Arbitrum supports stablecoin infrastructure and implies increased demand for USD-backed financial products. Competing with Tether's USDT, although neutral in sentiment, the move suggests strengthening stablecoin ecosystems could stabilize the USD.
ECB's interest rate cut hints at a forthcoming Fed rate cut, possibly weakening the USD. Despite this, a somewhat-bullish sentiment indicates market resilience for the currency, reflecting a balanced outlook for the USD in contrast to alternative investments like Bitcoin.
Historical and forecast chart of the Hong Kong dollar/Dollar currency pair
The chart below shows the historical quotes of the HKD/USD pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Hong Kong dollar/Dollar rate can be found in the table below.
Long-term forecasts by years.
HKD Trend Prediction
As of now, Panda has analyzed 1 news pieces concerning the HKD currency. The average relevance score for these news items is 0.23 (with the closer to 1 being more relevant).
The overall news trend for the HKD currency is Somewhat-Bullish
with a coefficient of 0.14
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
Indian Rupee Faces Significant Decline, HKD Impacted
September 6, 2024 (06:23)
Trend: Neutral
Influence: 0.14
The decline in the Indian Rupee highlights broader Asian currency vulnerabilities, causing shifts in investor confidence and impacting regional exchange rates. Although the sentiment for HKD remains neutral, associated economic ripple effects may apply pressure on its stability.
USD Trend Forecasting
Regarding the USD currency, 91 news pieces were analyzed. The average relevance of these news items is 0.35 (the closer to 1, the higher).
The overall news trend for the USD currency is Neutral
with a coefficient of 0.01
(the closer to 1, the stronger its impact on the trend).
(the closer to 1, the stronger its impact on the trend).
Record Gold Prices Surge Amidst USD Weakness
September 13, 2024 (13:44)
Trend: Neutral
Influence: 0.01
The increase in gold prices is partially due to the weakening US dollar, making gold an attractive alternative investment. A neutral sentiment score suggests that while the USD is experiencing some pressure, the overall market reaction remains balanced.
Rupee Strengthens as US Dollar Remains Subdued
September 13, 2024 (11:37)
Trend: Neutral
Influence: -0.06
The weakening of the US dollar in the global market, combined with substantial inflow of foreign funds, has supported a rise in the Indian rupee. This decline in the dollar's value is reflected in its slightly negative sentiment score, indicating a broader trend affecting its exchange rate.
Rupee Strengthens, Marks Best Weekly Gain Since June
September 13, 2024 (11:20)
Trend: Somewhat-Bullish
Influence: 0.19
The rise in the rupee's value against the U.S. dollar suggests increased investor confidence in the Indian currency or economy, potentially driven by strong economic data or foreign investment inflows. While the USD remains somewhat bullish, factors influencing the rupee's appreciation could temper gains for the USD, reflecting a stable but cautious sentiment in the forex market.
Global Market Shifts: Crude Gains, Gold Surges, Dollar Declines
September 13, 2024 (10:23)
Trend: Bearish
Influence: -0.45
The expectation of a Federal Reserve rate cut in response to inflation data has likely weakened the USD, as lower interest rates can reduce the currency's yield advantage. This bearish sentiment is further compounded by the strong performance of the tech sector, which may shift investor focus away from safe-haven assets like the USD.
Shanghai Composite Declines Amid Anticipation of U.S. Rate Cut
September 13, 2024 (09:42)
Trend: Somewhat-Bullish
Influence: 0.18
The slight increase in U.S. core consumer and producer price indexes suggests persistent inflation, leading markets to anticipate a 25-bps rate cut. This expectation of monetary easing contributes to the USD's somewhat bullish sentiment as investors adjust their strategies accordingly.
Slight Declines in Indices with Rising Interest in PSU Banks
September 13, 2024 (09:05)
Trend: Neutral
Influence: 0.08
The slight declines in major indices like the Sensex and Nifty 50 indicate a cautious market sentiment, potentially leading to mixed expectations for the USD. Given the neutral sentiment score, this news does not significantly impact the USD, as investors may still be weighing other global economic factors.
Euro Surges to Weekly High After Lagarde's Remarks
September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The euro's rise following remarks by Christine Lagarde may imply market optimism about the Eurozone’s economic policies or future rate adjustments, impacting its value relative to the USD. This optimism contributes to a somewhat bullish sentiment for the USD as investors might anticipate similar positive policy actions or stability measures from the U.S. side.
Rupee Gains Slightly Against US Dollar in Early Friday Trade
September 13, 2024 (05:07)
Trend: Neutral
Influence: 0.13
The slight appreciation of the rupee against the US dollar is attributed to the weakening of the American currency in international markets and a surge in foreign investments. This impacts the USD exchange rate by introducing a competitive edge to the rupee, although the sentiment remains neutral due to limited market reaction.
Trump Announces Launch Date for Crypto Venture on Musk's X, Promising to Leave Big Banks Behind
September 13, 2024 (01:35)
Trend: Bullish
Influence: 0.4
The announcement of Donald Trump's cryptocurrency venture suggests a push towards decentralized finance, creating optimism around the potential for innovation in the financial sector. This bullish sentiment has a moderate influence on the USD, reflecting expectations of shifts in traditional finance paradigms that could impact the broader economy.
Stablecoins Propel US Dollar's Global Dominance
September 12, 2024 (21:16)
Trend: Neutral
Influence: 0.09
The increasing use of stablecoins is facilitating flows into dollar-based instruments, particularly in areas lacking direct access to U.S. banking services, thereby reinforcing the USD's stronghold globally. Despite the neutral sentiment score, the effect further entrenches the USD as the preferred currency in international markets.
Consumer Watchdog Issues Alert on Tether's Reserve Transparency
September 12, 2024 (21:07)
Trend: Neutral
Influence: 0.03
The neutral sentiment indicates that while concerns around Tether's reserves might affect confidence in stablecoins, it is not having a significant immediate impact on the USD exchange rate. This warning's moderate influence suggests that while market participants are cautious, the direct correlation with USD movements remains limited.
Circle Integrates Arbitrum into Web3 with USDC Support
September 12, 2024 (20:03)
Trend: Neutral
Influence: 0.11
The integration of USDC on Arbitrum signals a strengthening of stablecoin infrastructure, which may increase demand for the USD-backed USDC and influence the stability of its exchange rate. Despite the competitive environment with Tether's USDT, the move seems to have a neutral impact on the USD exchange rate, as indicated by the sentiment score.
ECB's Interest Rate Cut Spurs Recovery in Bitcoin and Stocks
September 12, 2024 (16:58)
Trend: Somewhat-Bullish
Influence: 0.18
The potential Fed rate cut hinted at in the news suggests a possibility of a weaker USD, which may lead to an increase in demand for alternative investments like Bitcoin. However, the somewhat-bullish sentiment indicates that the market still expects relative resilience for the USD in light of these developments.
Silver Climbs Rs 2,000 per kg, Gold Falls by Rs 250
September 12, 2024 (13:22)
Trend: Neutral
Influence: 0.15
The decline in gold prices and the rapid rise in silver prices could signal varying market dynamics that influence the demand for the USD. While the sentiment remains neutral, such fluctuations in commodity markets often result in cautious trading behavior towards the USD.
Mixed Asian Markets and European Gains Influence USD Fluctuations
September 12, 2024 (12:00)
Trend: Somewhat-Bullish
Influence: 0.26
The US markets' positive closing, especially driven by tech sector gains and Nvidia's potential exports, likely boosted investor confidence in the USD, amidst mixed global market trends. Additionally, the investor focus on political developments and inflation data may reinforce the currency's somewhat bullish sentiment.
Chinese Markets Fall Behind Regional Counterparts
September 12, 2024 (11:04)
Trend: Somewhat-Bearish
Influence: -0.32
The persistent inflation in the U.S. is leading investors to believe that the Federal Reserve may not lower interest rates significantly, resulting in the dollar maintaining its strength in the Asian market. However, sentiment towards the USD remains somewhat bearish due to concerns over potential negative impacts on economic growth from sustained high inflation levels.
Sensex Soars as Demand for Oil & Gas Shares Rises
September 12, 2024 (09:11)
Trend: Neutral
Influence: 0.09
The recent surge in the Sensex and Nifty 50 indices is indicative of positive market sentiment, particularly driven by the demand for oil and gas shares. This upbeat market environment leads to a marginally positive outlook for the USD exchange rate as investors potentially see strength in economies and related sectors.
INR Steady at 84 Against USD, NIFTY Reaches Weekly Peak
September 12, 2024 (09:06)
Trend: Somewhat-Bearish
Influence: -0.26
The stability of the Indian Rupee against the US Dollar, coupled with the upward movement in the NIFTY index, suggests a growing investor confidence in the Indian market. This scenario leads to a somewhat bearish sentiment toward the USD, as the demand for the Dollar weakens amid a strengthening local economy.
Reduced Expectations for Fed Rate Cut Could Depress Rupee Further
September 12, 2024 (03:49)
Trend: Somewhat-Bearish
Influence: -0.17
The news indicates that investors are losing hope for a significant 50 basis points Fed rate cut, which reduces the attractiveness of the US dollar and leads to a slightly bearish sentiment. This uncertainty is contributing to the depreciation of the rupee against the dollar, with the rupee expected to hit an all-time low.
US Dollar Strengthens Amid Persistent Inflation, Easing Expectations of Major Fed Rate Cut
September 12, 2024 (06:25)
Trend: Neutral
Influence: 0.05
The USD exchange rate has been influenced by the recent inflation data, which shows a rise in core consumer prices, leading to expectations that the Federal Reserve might hold off on implementing a large rate cut. As a result, the strength of the US dollar is being maintained as investors anticipate steadier monetary policy conditions.
RBI May Intervene with US Dollar Sales to Support Rupee, Say Traders
September 12, 2024 (04:26)
Trend: Somewhat-Bearish
Influence: -0.16
The Reserve Bank of India's potential sale of dollars suggests it is taking action to support the rupee, indicating supply pressure on the USD. This intervention is perceived as slightly bearish for the US dollar, as it could lead to a decrease in its value against the rupee.
Trend:
Influence: 0
Calendering Equipment Market Forecasted for Significant Growth, Doubling to Over USD 16 Billion by 2034
September 11, 2024 (14:31)
Trend: Somewhat-Bullish
Influence: 0.3
The news of the calendering equipment market's projected growth indicates increased industrial activity, which can bolster economic confidence and support the value of USD. This optimism is reflected in the 'Somewhat-Bullish' sentiment for the USD, suggesting potential positive impacts on the USD exchange rate.
Unpredictable Debate Claims: How Polymarket Traders Saw Trump's Statements Coming
September 11, 2024 (19:54)
Trend: Neutral
Influence: 0.02
The neutral impact on the USD suggests that while Trump's startling statements garnered significant attention, they did not translate into financial market instability or a shift in currency valuation. Such political events might sway public sentiment but did little to affect the economic factors that directly influence the exchange rate.
Bitcoin shrugs off CPI data as BTC price dips over 3% in a day
September 11, 2024 (14:41)
Trend: Somewhat-Bearish
Influence: -0.3
The USD exchange rate is experiencing pressure because the latest CPI figures, the smallest increase since February 2021, fail to reassure investors about inflation containment. The subsequent decline in Bitcoin's price below $56,000 suggests diminished investor confidence, leading to a bearish sentiment surrounding the USD.
Vedanta Resources Successfully Raises $900 Million from Dollar Bond Issue
September 11, 2024 (14:35)
Trend: Neutral
Influence: 0.14
The issuance of USD 900 million in bonds by Vedanta Resources represents an influx of foreign investment into the U.S. economy, which can increase demand for the dollar and contribute to its stability. However, given that the sentiment score is neutral, this might indicate that the market has already anticipated this move or sees it as a regular event without significant impact on the USD exchange rate.
Trend:
Influence: 0
Debate Aftermath: Harris Gains Momentum, Trump Media Shares Dip, Market Dynamics Shift
September 11, 2024 (14:17)
Trend: Neutral
Influence: 0
Despite the political shifts following the debate impacting market dynamics, the USD has shown little change as reflected by its neutral sentiment score. This indicates that while the debate influenced specific stocks, it did not significantly alter broader market confidence in the USD.
Dollar, Treasury Yields Increase as Small Stocks Decline: Low August Inflation Undermines Probability of 50-Point Fed Rate Cut
September 11, 2024 (14:11)
Trend: Neutral
Influence: 0.12
The USD exchange rate is impacted by the unexpectedly low inflation rate, which undermines expectations for a sizable Fed rate cut, thus strengthening the dollar. However, the neutral sentiment score indicates mixed trader sentiments possibly due to underlying economic complexities.
August Inflation Hits 2.5%: Lowest Since Early 2021 Amid Sticky Core Index
September 11, 2024 (12:41)
Trend: Neutral
Influence: 0.09
The decrease in the U.S. inflation rate to 2.5% in August suggests a reduction in price pressure, possibly boosting consumer confidence and spending. However, the neutral sentiment reflects mixed market reactions, likely due to the persistent core index, which can temper optimistic expectations for the USD's strength.
Rupee Stays Flat Against Dollar Amid Market Mixed Signals
September 11, 2024 (12:15)
Trend: Neutral
Influence: -0.11
The USD remains stable despite lower crude oil prices and a subdued domestic equities environment influencing the Indian rupee. The neutral sentiment reflects a balance between these factors and the cautious approach investor take regarding US inflation impacts.
Unverified Contract Exploits CUT Token Pools, Stealing $1.4 Million
September 11, 2024 (12:13)
Trend: Bearish
Influence: -0.56
The attack led to the removal of $1.4 million without proper LP token burning, indicating a potential vulnerability in smart contract security. This has negatively impacted the USD exchange rate, as reflected by the bearish sentiment, due to increased uncertainty and potential losses in USD-based crypto pools.
Global Markets Reactions: Dollar Weakens Amid Diverse Market Movements Across Asia and Europe
September 11, 2024 (11:38)
Trend: Bearish
Influence: -0.46
The weakening of the USD is attributed to market concerns over slowing economic growth and instability in the financial sector as seen in declining bank stocks. Additionally, the rebound in oil prices could be weighing on the dollar as it raises inflationary pressures, potentially complicating the economic outlook.
Chinese Markets Decline as US CPI Data Looms
September 11, 2024 (10:28)
Trend: Neutral
Influence: 0.13
The expected steady rise in the US Consumer Price Index suggests potential stability in the USD, contributing to its neutral sentiment. Investors remain cautious, awaiting the official CPI data, which could impact the exchange rate depending on any deviations from expectations.
Peter Schiff Warns Of Potential Collapse In Risky Assets As Dollar Hits 9-Month Low Against Yen
September 11, 2024 (09:29)
Trend: Neutral
Influence: 0.07
The weakening of the USD is attributed to increased speculation of a significant rate cut by the Federal Reserve following weak economic data. Additionally, the potential unwinding of yen-carry trades could exacerbate downward pressure on the USD.
PSU Banks Struggle as Market Hits Daily Low
September 11, 2024 (09:09)
Trend: Neutral
Influence: 0.01
The decline in major Indian stock indices, such as the S&P BSE Sensex and Nifty 50, might indicate lowered investor confidence, potentially impacting the currency market. However, the neutral sentiment regarding the USD suggests that these domestic market movements are not currently exerting substantial pressure on the USD exchange rate.
Indian Importers Opt for FX Options Amid Stable Rupee and Rising Premiums
September 11, 2024 (09:06)
Trend: Neutral
Influence: 0.02
The stability of the rupee and high premiums for traditional hedging options have led Indian importers to prefer FX options, impacting demand dynamics for USD-related transactions. Despite these developments, the neutral sentiment suggests that these changes have had a limited overall effect on the USD exchange rate.
Dollar Weakens Amid Anticipation of Upcoming US Inflation Data
September 11, 2024 (06:05)
Trend: Neutral
Influence: 0
Investors are adopting a cautious stance toward the USD due to uncertainty surrounding the forthcoming US inflation report, which could influence the Federal Reserve's decisions on interest rates. This uncertainty is reflected in the neutral sentiment towards the USD as investors await clearer signals from economic data and monetary policy developments.
Rupee Makes Minor Gains Against US Dollar in Early Trading
September 11, 2024 (05:04)
Trend: Neutral
Influence: 0.12
The appreciation of the rupee against the US dollar, albeit small, is influenced by easing crude oil prices and positive trends in Asian currencies, which lessen demand for the dollar. Additionally, the inflow of foreign investments and adjustments in the dollar index contribute to the neutral sentiment surrounding the USD.
The Ascendance of RWA Oracles: A 2024 Milestone
September 10, 2024 (19:41)
Trend: Neutral
Influence: 0.11
The emergence and expected growth of Real World Asset (RWA) Oracles may impact blockchain adoption and innovation, indirectly affecting global financial systems and, by extension, the USD. Although the sentiment is currently neutral, increased adoption of these technologies could eventually influence the USD exchange rate as blockchain technologies integrate more deeply into global markets.
Rupee Edges Lower as USD Strengthens Before US Inflation Data Release
September 10, 2024 (11:34)
Trend: Neutral
Influence: 0
The strengthening of the USD is attributed to anticipation in the market as traders await the upcoming US inflation report, which could influence the Federal Reserve's monetary policy. Consequently, the INR has depreciated slightly due to the perceived attractiveness of the USD under the current global conditions.
Chinese Markets Rise Post-Trade Balance Data Release
September 10, 2024 (11:31)
Trend: Somewhat-Bearish
Influence: -0.31
The negative sentiment towards the USD can be attributed to investor concerns over a potential interest rate cut by the Federal Reserve, which could make the USD less attractive to investors. Additionally, strong Chinese trade data may signal a steady Chinese economy, providing more options for investors outside the USD-backed assets.
Strengthening Dollar Impacts Global Markets Amid Asia's Gains and European Uncertainty
September 10, 2024 (10:45)
Trend: Somewhat-Bearish
Influence: -0.31
The USD has experienced a somewhat bearish sentiment due to a recovery in U.S. markets as investors seek bargains, which indicates a temporary dip in confidence following weak economic data. This hesitance, amid expectations of forthcoming inflation reports and the Federal Reserve's interest rate decision, has led to volatility in the currency's exchange rate.
Major Gains for Barometers as Metal Shares Outperform
September 10, 2024 (09:03)
Trend: Neutral
Influence: 0.01
The reported gains in major indices like the S&P BSE Sensex and the Nifty 50 suggest positive economic momentum in the Indian market, which can attract foreign investments. However, the neutral sentiment towards the USD indicates that these regional developments may not have a significant immediate impact on the USD exchange rate.
IMF Suggests Alternative Currencies May Gain Importance Amid Geoeconomic Fragmentation
September 10, 2024 (07:17)
Trend: Neutral
Influence: -0.04
The potential rise of alternative currencies could undermine the USD's dominant position in the global economy, which slightly weakens investor confidence as indicated by the neutral sentiment. Although the sentiment impact is minimal now, increasing fragmentation could disrupt the traditional currency hierarchy, unsettling the USD exchange rate.
US Dollar Strengthens Ahead of Key Inflation Report
September 10, 2024 (06:23)
Trend: Neutral
Influence: 0.08
The anticipation of the upcoming US inflation data is causing the US dollar to firm, as it may influence the Federal Reserve's interest rate decisions. Market participants perceive any hints of changes in inflation rates as indicators for possible alterations in monetary policy, affecting the dollar's exchange rate.
Stock Market Starts Strong Amid Positive Momentum
September 10, 2024 (04:06)
Trend: Neutral
Influence: 0.01
The slight positive shift in the Indian stock market indices indicates increased investor confidence, which may lead to a minor capital inflow into emerging markets, stabilizing or slightly strengthening the USD. However, the neutral sentiment score reflects that the impact on the USD is minimal, as the changes in the Indian market are not significant enough to influence major shifts in USD exchange rates.
China's August Export Growth Surpasses Expectations with 8.7% Increase
September 10, 2024 (03:23)
Trend: Somewhat-Bullish
Influence: 0.3
The strong growth in China's exports provides a boost to global trade sentiment, leading to a somewhat bullish outlook for the USD as investors anticipate increased transactions in international markets. This positive export data supports the demand for the USD, as it remains a dominant currency in global trade.
Live Stock Market Updates: Wall Street Surge Boosts Asian and Indian Markets
September 10, 2024 (01:58)
Trend: Somewhat-Bullish
Influence: 0.2
The news of overnight US market gains leading to a rise in Asian markets suggests investor confidence in economic growth, positively affecting the USD exchange rate. This optimistic sentiment can drive demand for USD as investors seek to invest in US assets.
Bitcoin Price Gains Momentum Amid Economic Shifts - Reasons Unveiled
September 9, 2024 (19:07)
Trend: Neutral
Influence: 0.13
The recent gains in Bitcoin's price, driven by market recovery and anticipated US inflation data, suggest potential challenges to the US dollar's global dominance. However, the neutral sentiment indicates that while there's some impact, it may not be strong enough to drastically alter the USD exchange rate at the moment.
Expert Warns Trump's Tariff Strategy for Dollar Dominance May Backfire
September 9, 2024 (13:37)
Trend: Neutral
Influence: 0.09
The proposal for a 100% tariff aims to secure dollar dominance but could ironically destabilize the U.S. economy, weakening investor confidence in the USD. This uncertainty is reflected in the neutral sentiment score, suggesting markets are wary of the potential backlash from such aggressive policies.
USD/JPY Sets Temporary Break in Downtrend
September 9, 2024 (13:05)
Trend: Neutral
Influence: -0.03
The uncertainty about the US Federal Reserve's future monetary policy is creating volatility for the USD exchange rate. This unpredictability leads to temporary pauses in currency movements, as seen with the USD/JPY pair, but contributes to a generally neutral sentiment.
Tether Dives into Agriculture with $100M Stake in Adecoagro
September 9, 2024 (12:52)
Trend: Neutral
Influence: 0
The news of Tether's investment in Adecoagro has a neutral effect on the USD exchange rate, as indicated by the sentiment analysis. This neutrality might be because the investment is specifically in a non-crypto and non-USD denominated asset, which does not directly impact the USD.
Indian Rupee Slightly Drops as USD Strengthens
September 9, 2024 (11:36)
Trend: Somewhat-Bullish
Influence: 0.32
The marginal depreciation of the Indian rupee reflects and further cements the strength of the USD in the global currency markets. This trend is supported by investor confidence in the USD, as indicated by its 'Somewhat-Bullish' sentiment.
Dollar Gains Amid Mixed Asian Markets and Rising Crude Oil Prices
September 9, 2024 (10:23)
Trend: Somewhat-Bullish
Influence: 0.24
The labor market slowdown in the U.S. has introduced uncertainty about future interest rate hikes by the Federal Reserve, leading to a somewhat bullish sentiment for the USD. Additionally, potential disruptions in crude oil supply due to hurricane risks may drive oil prices up, consequently strengthening the dollar as an attractive safe-haven asset.
Saudi Arabia Open to Petroyuan and Strengthening Ties with China, Says Minister
September 9, 2024 (10:00)
Trend: Neutral
Influence: 0.03
This development could lead to a gradual shift in oil trade settlements from USD to the yuan, potentially weakening the dollar's dominance in global energy markets. However, the neutral sentiment suggests that, for now, the immediate impact on the USD exchange rate is minimal as the changes are exploratory rather than definitive.
China's Market Drops Due to Weak Inflation Figures
September 9, 2024 (09:29)
Trend: Somewhat-Bearish
Influence: -0.29
The recent weak jobs data in the U.S., interpreted as a signal of a soft landing rather than a recession, may influence investors to recalibrate their expectations for U.S. economic growth, leading to a somewhat bearish outlook on the USD. As the currency market responds to perceived economic softness, the USD's value is negatively affected in the near term.
Crypto Analyst Dismisses Imminent Major Bitcoin Decline
September 9, 2024 (08:35)
Trend: Neutral
Influence: 0.01
The anticipation of Bitcoin stability as analyzed by Michaël van de Poppe does not strongly affect the USD exchange rate, maintaining a neutral sentiment due to the slight sentiment score. This neutrality suggests that the market does not expect major shifts in USD strength based on current Bitcoin trends.
Asian Stocks Decline Following Major Wall Street Losses
September 9, 2024 (07:50)
Trend: Neutral
Influence: -0.08
The weak US job market update has raised concerns over the strength of the US economy, contributing to a cautious sentiment surrounding the USD. This apprehension is reflected in the slight negative sentiment score, although overall market reaction appears to be neutral.
Marginal Increase in US Dollar Index Speculative Longs
September 9, 2024 (07:42)
Trend: Neutral
Influence: 0.12
The USD exchange rate remains relatively stable due to steady net long positions by large currency market speculators, indicating sustained interest but not enough momentum to cause a significant shift. This neutral sentiment reflects cautious optimism about the USD futures, maintaining its current position near a six-month high.
Currency strategist warns of carry trade unwind causing market turbulence as yen rises
September 9, 2024 (05:54)
Trend: Neutral
Influence: 0.02
The unwinding of the yen carry trade leads to a strengthening yen, which can pressure the USD due to shifts in investor preferences away from higher-yielding assets. The neutral impact on the USD indicates that while the market anticipates volatility, there is uncertainty about the immediate effects on USD exchange rates.
Rupee Stabilizes with Expected RBI Intervention; Minor Declines in Other Asian Currencies
September 9, 2024 (05:35)
Trend: Neutral
Influence: -0.02
The USD remains relatively stable against the Indian Rupee as markets anticipate potential intervention by the Reserve Bank of India, preventing significant fluctuation. However, minor sentiment shifts cause slight volatility among other Asian currencies, contributing to a nearly neutral impact on the USD.
Potential Risks in Trump's Cryptocurrency Venture Amid Presidential Campaign
September 9, 2024 (03:18)
Trend: Somewhat-Bullish
Influence: 0.23
Trump's possible return to the White House coupled with a personal cryptocurrency project could lead to market uncertainties, influencing investors' perception of the USD. The bullish sentiment may stem from expectations of innovation in financial technology and increased economic activity spurred by the presidential campaign and associated cryptocurrency initiatives.
Insight | The enduring allure of gold amidst global turbulence
September 7, 2024 (08:30)
Trend: Neutral
Influence: 0.02
Investor faith in gold signifies concerns about stability in the global monetary system, often influencing currency values like the USD. Despite the neutral effect suggested by the sentiment analysis, any deep uncertainty can lead to fluctuations in exchange rates due to shifts in investor preferences towards safe-haven assets.
Market Reactions Intensify As Jobs Data Disappoints, Sending Nasdaq 100 And Semiconductor Stocks Down
September 6, 2024 (17:46)
Trend: Somewhat-Bearish
Influence: -0.16
The weaker-than-expected jobs report has led to concerns about the durability of the labor market, prompting negative sentiment that has affected the USD exchange rate. Investors fear that the slowing job growth might influence the Federal Reserve's monetary policy, potentially leading to weaker demand for the USD.
Tether Allocates $100 Million Investment to Agriculture Amidst Escalating Stablecoin Rivalry
September 8, 2024 (13:45)
Trend: Neutral
Influence: 0
The news of Tether's investment in the agriculture and food sector indicates diversification, reflecting a stable strategic move that may lead to steady market confidence. As the sentiment remains neutral, the immediate impact on the USD exchange rate is minimal but highlights the potential long-term effects of diversification by major digital currency players on traditional financial markets.
Brad Garlinghouse: Yen Stablecoins Will Be in Demand Soon
September 8, 2024 (05:58)
Trend: Neutral
Influence: -0.09
The news about Japan's regulatory efforts fostering entrepreneurship and investment suggests a growing confidence in stablecoins denominated in yen. This could potentially reduce the global reliance on the USD, leading to minor negative pressure on its exchange rate.
Trump Proposes 100% Tariff on Nations Moving Away from the Dollar
September 8, 2024 (01:59)
Trend: Neutral
Influence: 0.1
The news of potential tariffs on countries abandoning the dollar introduces uncertainty in international trade relations, which could impact the USD volatility. However, the neutral sentiment suggests that the market may not yet see this as an immediate threat to the USD's strength.
Opinion | Global financial system urged to prioritize fairness or face replacement
September 6, 2024 (14:30)
Trend: Somewhat-Bullish
Influence: 0.27
The Global South's call for reform in the financial system signals potential shifts in global economic policies, which can cultivate economic stability and improve confidence in the USD. This sentiment translates to a somewhat bullish effect on the USD exchange rate, as investors anticipate a fairer, more inclusive financial environment benefiting the currency.
Bitcoin Price Hits 1-Month Low Amid US Jobs Data Volatility
September 6, 2024 (14:28)
Trend: Neutral
Influence: 0.1
The unexpected volatility in Bitcoin prices following the US jobs data release influences investor sentiment towards USD-related assets, impacting forex markets. Despite the 'Neutral' sentiment score, the shock to trader expectations can cause temporary fluctuations in the USD exchange rate.
U.S. Job Report Eases Recession Concerns; Wall Street and Dollar Stabilize
September 6, 2024 (14:03)
Trend: Neutral
Influence: 0.03
The August jobs report indicated a stronger-than-expected labor market, reducing fears of an imminent recession that had dampened confidence in the USD. This stability led to the dollar trimming its weekly losses, as the economy showed signs of resilience.
Indian Rupee Strengthens Slightly as US Dollar Weakens in Global Markets
September 6, 2024 (11:49)
Trend: Neutral
Influence: -0.14
The slight decline in the US dollar index is attributed to investor caution ahead of key US jobs data, which could impact future Federal Reserve monetary policy decisions. The anticipation of this data leads to a weakening of the dollar, allowing the Indian rupee to gain marginally against it.
Markets Tumble As Oil Prices Remain Low And The Dollar Weakens Overnight
September 6, 2024 (10:48)
Trend: Bearish
Influence: -0.4
The weakening USD is likely due to market anticipation of the upcoming key jobs data, which influences expectations on Federal Reserve rate decisions. A potential pause or cut in rates would typically lead to a weaker dollar, as it signifies a looser monetary policy.
Chinese Markets Decline Following Central Bank Comment
September 6, 2024 (10:19)
Trend: Somewhat-Bearish
Influence: -0.22
The recent data indicating a significant slowdown in U.S. private sector job growth has increased concerns regarding the strength of the U.S. economy. This has led to a bearish sentiment surrounding the USD, contributing to its decline against major currencies such as the yen.
Market Indices Plummet; Nifty Falls Under 24,850 Amid Auto Sector Weakness
September 6, 2024 (09:03)
Trend: Neutral
Influence: 0.1
The sharp decline in major indices, such as the BSE Sensex and Nifty 50, can create investor uncertainty, potentially impacting foreign investments and influencing forex markets. Despite the drop in these indices, the neutral sentiment score reflects limited immediate impact on the USD exchange rate, suggesting balanced market expectations.
Cautious Trading Sees Dollar Index Dip to One-Week Low Preceding Jobs Data Release
September 6, 2024 (08:57)
Trend: Neutral
Influence: -0.1
The USD has experienced a mild negative impact, as reflected by its drop to a one-week low, due to investor caution ahead of the upcoming jobs report. This caution likely stems from the uncertainty surrounding potential labor market changes, which could influence Federal Reserve monetary policy.
Euro Remains Strong as Focus Shifts to Upcoming US Employment Data
September 6, 2024 (06:59)
Trend: Neutral
Influence: 0.13
The neutral sentiment towards the USD suggests the market is awaiting the release of US jobs data, which could provide significant insight into the Federal Reserve's future monetary policy actions. As the Euro holds its ground, any unexpected results in the job report may lead to volatility in the USD exchange rate.
Stablecoin Frenzy Sees Trump, Ripple, and Wyoming Enter the Crypto Market
September 6, 2024 (06:01)
Trend: Neutral
Influence: -0.12
The surge in stablecoin launches, including contributions from notable figures and states, is creating uncertainty regarding the USD's influence in the digital economy, as stablecoins often peg their value to traditional currencies like the USD. Despite a neutral sentiment label, the slight negative sentiment score suggests market skepticism about the impact of these stablecoins on USD stability.
Rupee Strengthens Slightly to 83.95 Against US Dollar in Early Trading
September 6, 2024 (04:36)
Trend: Somewhat-Bearish
Influence: -0.18
The US dollar is experiencing a bearish trend due to its weakening against major currencies, as indicated by the slight increase in the value of the rupee. Additionally, factors such as rising international crude oil prices and negative domestic equity markets are limiting the potential currency gains against the USD.
Michaël van de Poppe Predicts Bitcoin Surge, Downplays Crash Risks and Meme Coin Influence
September 5, 2024 (22:12)
Trend: Somewhat-Bullish
Influence: 0.19
The anticipated surge in Bitcoin's value suggests a favorable outlook for BTC/USD, contributing to a somewhat bullish sentiment for the USD. The connection between Bitcoin cycles and historical economic trends hints at potential stability or growth in the U.S. economy, slightly boosting investor confidence in the dollar.
Rupee Nears 84 Mark Against Dollar, Hits All-Time Low Close at 83.99
September 5, 2024 (15:04)
Trend: Neutral
Influence: -0.06
The rupee's decline to an all-time low against the dollar reflects concerns about the Indian economy's current strength and investor confidence, which may influence marginal shifts in USD demand. The neutral sentiment indicates that while this development is noteworthy, it is seen as a continuation of existing trends rather than a significant shift in the currency market.
Indian Rupee Strengthens as US Dollar Weakens Globally
September 5, 2024 (11:57)
Trend: Somewhat-Bearish
Influence: -0.24
The weakening of the US dollar in international markets has helped the Indian rupee settle slightly higher, as a weaker dollar generally makes INR more attractive to investors. Additionally, the decrease in crude oil prices has likely contributed to the strengthening of INR, further applying downward pressure on the USD exchange rate.
Mixed Markets in Asia and Europe, Sub-$70 Oil, and Softening Dollar Amid U.S. Market Influences
September 5, 2024 (11:16)
Trend: Neutral
Influence: -0.03
The potential rate cut indicated by cooling labor market data has led to a retreat in the USD exchange rate. A lower interest rate can decrease the demand for USD as investors seek higher-yielding currencies, thus exerting downward pressure on its value.
Shanghai Composite Rises Slightly Amid Dollar Weakness
September 5, 2024 (11:15)
Trend: Bullish
Influence: 0.47
The news highlights the dollar's struggle to maintain its strength, potentially leading investors to seek safe-haven assets like gold. The slight upward movement in the Shanghai Composite coupled with dollar fluctuations suggests a cautiously optimistic market sentiment, influencing the dollar's moderately bullish outlook.
Adani Group Engages Global Banks for $1.5 Billion Dollar Bond Sale
September 5, 2024 (09:14)
Trend: Bearish
Influence: -0.36
The bearish sentiment towards the USD exchange rate could be attributed to the potential increase in dollar bond supply, which might weaken the currency's value. Additionally, the refinancing of project debt by the Adani Group may signal reduced demand for USD reserves, further impacting the exchange rate negatively.
Market Indices Down Amid Metal Stock Gains
September 5, 2024 (09:03)
Trend: Neutral
Influence: 0.08
The decline in the Sensex and Nifty indices suggests investor caution, potentially causing reduced risk appetite globally. This could result in a neutral impact on the USD, as indicated by the minor sentiment score, reflecting market participants waiting for more definitive economic signals.
Bitcoin Transactions Plummet: BTC Price Test Looms
September 5, 2024 (08:27)
Trend: Somewhat-Bullish
Influence: 0.19
The stagnation of Bitcoin transactions and potential volatility could encourage investors to shift towards more stable assets, bolstering the USD. The 'Somewhat-Bullish' sentiment suggests that this shift in focus might lead to an increased demand for the dollar as a safer investment option.
INR Strengthens Slightly After Crossing 84 Mark Against USD
September 5, 2024 (06:27)
Trend: Neutral
Influence: 0.06
This news indicates that the INR showed slight gains against the USD after initially depreciating beyond the 84 mark. The neutral sentiment score suggests that this change has not significantly impacted the overall perception or value of the USD in the forex market.
Rupee Gains 4 Paise Against the US Dollar in Early Trading
September 5, 2024 (05:23)
Trend: Neutral
Influence: 0.07
The weakening of the US dollar in international markets and positive domestic equity trends supported the rupee's appreciation. Additionally, decreased crude oil prices and foreign fund inflows further promoted confidence in the rupee, resulting in a neutral effect on the USD exchange rate.
Rupee Gains Traction Amid Speculation of Fed's Significant Rate Cut and Firm RBI Strategy
September 5, 2024 (04:33)
Trend: Neutral
Influence: -0.11
The news suggests that the rupee's marginal gain against the US dollar is partly due to expectations of a significant rate cut by the Federal Reserve, which can weaken the USD by increasing the supply of cheaper US dollars. Additionally, the Reserve Bank of India's strong stance provides further support to the rupee, at least temporarily stabilizing its value against the dollar.
Trump Family's Blockchain Venture Aims to Strengthen US Dollar's Global Position
September 5, 2024 (02:50)
Trend: Neutral
Influence: 0.12
The potential partnership with AAVE and reliance on Ethereum blockchain technology suggests an innovative approach to reinforcing the US dollar, possibly stabilizing or enhancing its global influence. However, the neutral sentiment indicates that it may not have an immediate or significant impact on the USD exchange rate.
Comprehensive Analysis of News and Events influencing the HKDUSD currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Hong Kong dollar/Dollar currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Hong Kong dollar / Dollar Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 15 | 0.1278 | 0.1277 | 0.1280 | 0.25 % |
| Sep 16 | 0.1279 | 0.1277 | 0.1280 | 0.25 % |
| Sep 17 | 0.1278 | 0.1277 | 0.1280 | 0.26 % |
| Sep 18 | 0.1278 | 0.1276 | 0.1278 | 0.19 % |
| Sep 19 | 0.1277 | 0.1276 | 0.1278 | 0.13 % |
| Sep 20 | 0.1275 | 0.1274 | 0.1276 | 0.17 % |
| Sep 21 | 0.1274 | 0.1273 | 0.1274 | 0.10 % |
| Sep 22 | 0.1273 | 0.1272 | 0.1274 | 0.22 % |
| Sep 23 | 0.1271 | 0.1270 | 0.1272 | 0.17 % |
| Sep 24 | 0.1273 | 0.1273 | 0.1275 | 0.20 % |
| Sep 25 | 0.1273 | 0.1273 | 0.1275 | 0.19 % |
| Sep 26 | 0.1273 | 0.1272 | 0.1275 | 0.17 % |
| Sep 27 | 0.1272 | 0.1270 | 0.1273 | 0.21 % |
| Sep 28 | 0.1270 | 0.1270 | 0.1271 | 0.11 % |
| Sep 29 | 0.1271 | 0.1270 | 0.1272 | 0.16 % |
| Sep 30 | 0.1268 | 0.1268 | 0.1269 | 0.09 % |
| Oct 01 | 0.1267 | 0.1266 | 0.1268 | 0.17 % |
| Oct 02 | 0.1265 | 0.1263 | 0.1267 | 0.27 % |
| Oct 03 | 0.1266 | 0.1265 | 0.1267 | 0.15 % |
| Oct 04 | 0.1265 | 0.1264 | 0.1266 | 0.16 % |
| Oct 05 | 0.1265 | 0.1264 | 0.1266 | 0.14 % |
| Oct 06 | 0.1264 | 0.1263 | 0.1265 | 0.20 % |
| Oct 07 | 0.1262 | 0.1261 | 0.1263 | 0.22 % |
| Oct 08 | 0.1263 | 0.1262 | 0.1264 | 0.16 % |
| Oct 09 | 0.1262 | 0.1262 | 0.1263 | 0.14 % |
| Oct 10 | 0.1262 | 0.1261 | 0.1264 | 0.18 % |
| Oct 11 | 0.1263 | 0.1262 | 0.1264 | 0.12 % |
| Oct 12 | 0.1263 | 0.1262 | 0.1265 | 0.26 % |
| Oct 13 | 0.1264 | 0.1264 | 0.1266 | 0.19 % |
| Oct 14 | 0.1264 | 0.1264 | 0.1266 | 0.21 % |
Target daily price HKD/USD
Target values of the HKD/USD currency pair as of 09-15-2024.
Optimistic target level: 0.1280
Pessimistic target level: 0.1277
Target values of the HKD/USD currency pair as of 09-16-2024.
Optimistic target level: 0.1280
Pessimistic target level: 0.1277
Target values of the HKD/USD currency pair as of 09-17-2024.
Optimistic target level: 0.1280
Pessimistic target level: 0.1277
Target values of the HKD/USD currency pair as of 09-18-2024.
Optimistic target level: 0.1278
Pessimistic target level: 0.1276
Target values of the HKD/USD currency pair as of 09-19-2024.
Optimistic target level: 0.1278
Pessimistic target level: 0.1276
Hong Kong dollar / Dollar (HKD/USD) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.1279 | 0.1277 | 0.1283 | 0.46 % |
| Nov | 0.1279 | 0.1276 | 0.1282 | 0.48 % |
| Dec | 0.1277 | 0.1275 | 0.1279 | 0.35 % |
HKD/USD forecast for this year
Forecast of the HKD/USD pair for Oct 2024
Forecast of the HKD/USD pair for Nov 2024
Forecast of the HKD/USD pair for Dec 2024
Hong Kong dollar / Dollar (HKD/USD) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.1279 | 0.1276 | 0.1281 | 0.45 % |
| Feb | 0.1284 | 0.1280 | 0.1286 | 0.42 % |
| Mar | 0.1279 | 0.1275 | 0.1282 | 0.51 % |
| Apr | 0.1279 | 0.1275 | 0.1282 | 0.55 % |
| May | 0.1280 | 0.1279 | 0.1283 | 0.33 % |
| Jun | 0.1279 | 0.1276 | 0.1282 | 0.49 % |
| Jul | 0.1275 | 0.1272 | 0.1279 | 0.53 % |
| Aug | 0.1276 | 0.1273 | 0.1279 | 0.42 % |
| Sep | 0.1274 | 0.1271 | 0.1276 | 0.39 % |
| Oct | 0.1269 | 0.1267 | 0.1272 | 0.38 % |
| Nov | 0.1270 | 0.1268 | 0.1271 | 0.21 % |
| Dec | 0.1272 | 0.1271 | 0.1276 | 0.40 % |
Hong Kong dollar / Dollar (HKD/USD) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.1270 | 0.1268 | 0.1272 | 0.32 % |
| Feb | 0.1270 | 0.1269 | 0.1272 | 0.23 % |
| Mar | 0.1267 | 0.1264 | 0.1270 | 0.47 % |
| Apr | 0.1263 | 0.1261 | 0.1265 | 0.32 % |
| May | 0.1264 | 0.1261 | 0.1266 | 0.42 % |
| Jun | 0.1264 | 0.1261 | 0.1267 | 0.51 % |
| Jul | 0.1262 | 0.1259 | 0.1265 | 0.46 % |
| Aug | 0.1263 | 0.1262 | 0.1266 | 0.38 % |
| Sep | 0.1259 | 0.1256 | 0.1261 | 0.39 % |
| Oct | 0.1254 | 0.1250 | 0.1258 | 0.63 % |
| Nov | 0.1253 | 0.1249 | 0.1256 | 0.52 % |
| Dec | 0.1250 | 0.1247 | 0.1253 | 0.47 % |