Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong
Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong

Hong Kong needs to keep an eye on US-China trade war yuan currency deal, analysts say

  • The Hong Kong dollar has been pegged to the US dollar since 1983
  • The United States have demanded China maintains the stability of the yuan as part of ongoing negotiations to end the trade war

Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong
Starting from April, the Hong Kong Monetary Authority bought more than HK$100 billion (US$12.7 billion) to defend the pegged rate of HK$7.85 to US$1. Photo: Winson Wong
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