As in the past, the HKMA stands ready to fulfil the commitment on the CU in accordance with the design and operations of the LERS, with a view to ensuring currency stability,” he added. The outflow of funds from HKD is a normal and inevitable process for the normalisation of the Hong Kong monetary environment.

Depending on the length of the fasting period, people may experience headaches, lethargy, crankiness, and constipation. The unemployment rate was 3.6, down 0.1 percentage point. The amount of outflows from April 2018 till now is only a small part of the inflows since 2008, which amounted to around HK$1 trillion. Intermittent fasting may make you feel sick. Nonfarm payrolls increased 209,000 in June, below the consensus estimate for 240,000. But a heart rate lower than 60 doesn’t necessarily signal a medical problem. If you’re sitting or lying and you’re calm, relaxed and aren’t ill, your heart rate is normally between 60 and 100 beats per minute. Norges Bank is now expected to hike to 3.75. It is not surprising for the weak-side CU to be triggered again. Your resting heart rate is the heart pumping the lowest amount of blood you need because you’re not exercising. More important behind the weak NOK is that the rate differentials will likely remain low for the time to come. Eurozone growth of 0.2 in Q3 is the slowest rate of expansion since Q2 2014. Arrhythmias can be harmless or life threatening, according to the American Heart. If the large gaps between the HKD and USD interest rates remain, carry trade activities will likely keep the HKD weak in the near future. When the heart rate is abnormal, the heart cannot pump blood effectively, which can cause weakness and tiredness. In particular, the gap in 1-month tenor stayed at about 150 basis points in the recent month, while that of the overnight tenor was around 150 to 200 basis points. “Due to abundant liquidity in the HKD market, weak demand for loans and a lack of large scale Initial Public Offerings (IPOs), coupled with the Fed raising the interest rates in September and December last year by a total of 50 basis points, which further pushed up the USD interest rates, the interest rate gaps between the HKD and USD continued to be wide. Job growth continues, but jump in workers recently laid off and rise in jobless claims are troubling. The wide interest rate gaps attracted carry trade activities that sell HKD for USD, pushing the HKD towards the weak side as a result.” Unemployment Rate Rises in Exceptionally Weak Recovery. On the latest market operations, Howard Lee, Deputy Chief Executive of the HKMA, said, “The major reason for this round of the weak-side CU triggering is the significant widening of the interest rate gaps between the HKD and USD after the year-end, mainly because of the drop in banks’ funding demand, which led to a fall in HKD interbank interest rates.

I rate it weak