Hong Kong Dollar's Volatility Fuels Talk on How FX Peg May Shift
A fresh debate about the sustainability of Hong Kong's decades-long currency peg has analysts ruminating on what might eventually replace it.
It's an issue that's gaining traction after intervention by authorities to defend the peg set off a bout of volatility in the local dollar in recent weeks. The currency continues to hover near the weak end of its trading band following a slide in the city's interest rates to a three-year low.
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