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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Hawkmoon who wrote (2791)12/31/2000 8:06:30 PM
From: TobagoJack  Read Replies (1) of 3536
 
A Hong Kong Monetary Authority (Central Bank) buddy said festively that the HKMA has completed move from Euro under-weight to neutral on its allocation for the reserve fund. HK$ is pegged to the US and thus deserting the US$ is out of the question, but going eventually underweight is not. Only 5% of the fund is in Yen, as Hong Kong folks do not think Japan deserves our trust, US less than before and Europe priced OK.
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