Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The former British colony still pegs the value of its money to that of the US dollar. It’s an arrangement ...
Scrapping it would shake confidence, jeopardise reliability and introduce currency volatility, one of the most significant ...
(Bloomberg) -- Pegged to the US dollar since 1983, the Hong Kong dollar is usually a dull currency. Except when it’s not, like this year. The city’s currency has recently experienced wild swings, ...
The Hong Kong currency peg, in its present form, has existed since 1983. However, some Hong Kong observers have begun to question whether the HK dollar’s link to the US dollar is relevant and in the ...
HONG KONG/SHANGHAI, Jan 9 (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it ...
SINGAPORE/HONG KONG, Dec 5 (Reuters) - It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency peg suddenly snaps. Yet market pricing suggests bets ...