A man walks past an oversized Chinese yuan, the US dollar and other foreign currencies outside a foreign exchange shop in Hong Kong where the peg to the greenback can weigh on Hong Kong when the US Fed raises rates as it did on December 16. Photo: EPA

Should Hong Kong let go of its peg to the US dollar now?

The long time peg means Hong Kong has to match increases in US interest rates despite having a weak economy going into 2016

Topic |   Currencies

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A man walks past an oversized Chinese yuan, the US dollar and other foreign currencies outside a foreign exchange shop in Hong Kong where the peg to the greenback can weigh on Hong Kong when the US Fed raises rates as it did on December 16. Photo: EPA
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