Hong Kong’s currency peg under strain – US report
Hong Kong’s currency peg to the dollar touched its weak side more than 40 times over a year
The Hong Kong Monetary Authority’s ability to maintain Hong Kong’s currency peg to the US dollar is under pressure, draining the city’s fiscal capacity, according to a report to the US Congress.
The US-China Economic and Security Review Commission, an advisory body of the US government, made the comment in its annual report submitted to Congress on November 14. Set up in 2000, the commission is tasked to monitor the national security implications of the trade and economic relationship between
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