Sars ‘rebound’ boosts HK dollar

Minutes released last week from a meeting of the HKMA’s sub-committee on currency board operations reviewing the period from September 29 to October 24 also revealed that members believed: "sentiment towards the Hong Kong currency had changed…against the background of a weakening US dollar and political pressure for a revaluation of the renminbi".

The sub-committee noted that following a sharp strengthening of the HK dollar on September 23, the currency "had continued to strengthen into the p