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Economics Markets Strategy - the DBS Vickers Securities Equities ...

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<strong>Economics</strong>: Hong Kong<br />

<strong>Economics</strong> – <strong>Markets</strong> – <strong>Strategy</strong><br />

HKD. We expect <strong>the</strong> HKD to move with <strong>the</strong> USD’s rebound against both EUR &<br />

JPY (refer to Currencies).<br />

Of course, this outlook is not without risks. At <strong>the</strong> end of <strong>the</strong> day, <strong>the</strong> degree of<br />

inflationary pressures can be alleviated will hinge greatly on <strong>the</strong> trend of global<br />

prices. There is only so much <strong>the</strong> exchange rate can do, especially if global oil/<br />

commodities prices continue to soar at this pace.<br />

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