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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%4:00 PM EST
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To: TobagoJack who wrote (59872)1/12/2010 2:08:24 PM
From: energyplay  Read Replies (1) of 218655
 
HKD tied to USD I expect there has been contingency plans in place for a number of years.

I expect that the HKD would be allowed to drop a certain amount with the USD to keep the Hong Kong area competitive, then the link would be broken, replaced by RMB and basket of other currencies link.

Efforts would be made to stop a very rapid appreciation of the HKD.
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