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
Topic |   China economy

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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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