Daily Market Updates: Lawmakers urge Fed to reassess Hong Kong dollar-liquidity access

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Lawmakers urge Fed to reassess Hong Kong dollar-liquidity access

Reported · Written up by our desk · Central Banks

A House China committee chair, Rep. John Moolenaar, is urging the Federal Reserve to review Hong Kong’s access to a dollar-liquidity facility, according to CNBC Markets.

Moolenaar’s push comes as China promotes the renminbi as a global currency, raising questions about how Hong Kong is connected to dollar liquidity, CNBC World reports.

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Sources

CNBC MarketsHouse China committee chair urges Fed to review Hong Kong’s access to dollar lifeline

CNBC WorldHouse China committee chair urges Fed to review Hong Kong’s access to dollar lifeline

Bonds & Rates

Lawmakers urge Fed to reassess Hong Kong dollar-liquidity access

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