Hong Kong Dollar's Link To Greenback Should Remain Intact, Say Forex Dealers

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Forex professionals in Hong Kong strongly believe the Hong Kong Monetary Authority (HKMA), the de facto central bank, will be able to maintain the Hong Kong dollar's peg to the US dollar, despite the widescale speculation against the currency that sent it plummeting in recent weeks. Maintaining the Hong Kong dollar's link to the greenback, which was set in 1983, is widely viewed as crucial to the ongoing transition period since the July handover of the territory to China.

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