A man walks past a currency exchange store in Sheung Wan on April 13. The Hong Kong Monetary Authority has had to step in to prop up the Hong Kong dollar as its value has slumped against the US dollar. Photo: Felix Wong
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How the US-China trade war and Hong Kong’s currency peg could combine to create the perfect storm

Neal Kimberley says the Hong Kong dollar’s peg to the greenback means the monetary authority might have to raise interest rates just when the city needs safe harbour from the US-China trade war

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A man walks past a currency exchange store in Sheung Wan on April 13. The Hong Kong Monetary Authority has had to step in to prop up the Hong Kong dollar as its value has slumped against the US dollar. Photo: Felix Wong
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.