Since 1983, there have been many calls for Hong Kong to change its HKD peg. Economists at ANZ Bank analyze HKD amid de-dollarisation.
HKD is like a ‘stablecoin’
“The decline in the HKD aggregate balance is unlikely to cause market panic. Once the HIBOR-LIBOR gap narrows, HKD outflow pressures will be alleviated. The HKD peg to the USD is defended via changes in...
The every growing strength of the Asian markets are great and expected as they have been able to give the illusion of a better handled pandemic.
The markets have been bullish for the past month and the trend doesn't seem to be slowing anytime soon. The economic growth or Hong Kong in comparison to Turkey is quite the margin.
The RSI indicates a low strength,...