Beijing's tighter grip on HK, weakens euro, Aussie

Friday, May 22, 2020

The worsening mood following Beijing’s decision to impose national security laws on Hong Kong, pushed riskier currencies lower today.

The Australian dollar dropped by 0.5 percent to US$0.6531 and the euro eased by 0.25 percent to US$1.0922. The safe-haven yen gained 0.15 percent to 107.45 per dollar.