HK Dollar Looks Past September Unemployment Figures
• Hong Kong Unemployment Rate Remained Stable at 3.3% in September
• Jobs Data Sees Muted Dollar Response on Limited HKMA Implications
The Hong Kong Dollar was little – changed after the Unemployment Rate reported at 3.3 percent for the 4th consecutive month in September, matching economists’ expectations. The lackluster response may reflect the release’s limited implications for the near-term outlook for HKMA monetary policy. The data point may have also faded from focus as traders ponder the impact of a recent court ruling to clear sites blockaded by the “Occupy Central” movement as well as a link between the Hong Kong and Shanghai stock exchange.
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