Amid Trade War Talk, Hong Kong Dollar Continues To Slide To New LowsMark Melin
The Hong Kong “dollar peg,” mandating that its currency value float in relative tandem with the US dollar, has weakened to the low end of the range. Some analysts view the recent move to its weakest level in 33 years, which continuously occurred for the last six trading sessions, as a sign the Hong Kong / US dollar relationship is ending. The concerns come as the US is engaged in talk of trade tariffs on aluminum and steel with worries that a more significant trade war might be looming. The moves . . .
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