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?
Summary
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.
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Dollar
- RMB
- Exchange rate
Documents and files
Authors
CC
Carlos Casanova
LX
Le Xia
BBVA Research - Chief Economist