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 IDS Associates Limited Hong Kong Asset Managers defend the Peg- IDS Associates Limited Hong Kong Asset Managers defend the Peg
- May 16, 2019
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Is the Hong Kong dollar pegged?
It’s all about Hong Kong this week. The city’s currency is keeping FX traders busy, especially in the morning, when the de facto central bank has been intervening to protect the local dollar.
The currency got some reprieve from a dovish Federal Reserve and is now trading near its strongest level in six weeks. The Fed’s signal that it will keep rates on hold this year surprised analysts and alleviated pressure on Hong Kong authorities. Notes William Lui of IDS Associates
Pegged to the U.S....
- View more at: https://www.1888pressrelease.com/ids-associates-limited-hong-kong-asset-managers-defend-the-p-pr-656334.html
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