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Published on Friday, February 5, 2016 | Updated on Monday, February 15, 2016

Hong Kong | Will the city abandon its decades-old peg to the USD?

A number of hedge funds have shifted their attention to Hong Kong Dollar (HKD), speculating on the possibility of the currency abandoning its decades-old peg to the USD. It has led the HKD to soften against the USD and raised the interbank interest rate. However, we believe that HKD de-pegging is an unlikely scenario for a number of reasons.