Home Fitch: Signal from US of possible change in its policy towards Hong Kong to heighten uncertainty
FXStreet News

Fitch: Signal from US of possible change in its policy towards Hong Kong to heighten uncertainty

According to the latest report published by Fitch ratings on Friday, a signal from the US of a possible change in its long-standing policy towards Hong Kong may also heighten uncertainty and dampen investor sentiment.

Additional quotes

“Hong Kong banks’ operating environment outlook negative.”

“Ongoing economic shock will heighten challenges facing Hong Kong banks in an already highly competitive landscape.”

“Expect Hong Kong’s economy to contract by 5% in 2020, in large part due to significant dampening effect pandemic has had.”

“Forecast GDP growth will recover to 3.5% in 2021, alongside an expected rebound in global activity.”

  • Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump’s Chinese announcement

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.