HK peg rumour sparks Asian FX debate


HONG KONG -- Rumours circulating the Asian FX markets about Hong Kong potentially dropping its US dollar peg fostered debate on the future of Asian FX last week.

The rumour surfaced after publication on Friday (September 20) of news that the Hong Kong legislature had ordered a study into the peg. Hong Kong’s dollar has been pegged to the US unit at a rate of 7.8 and remains one of the only major economies to have a fixed currency. Although the Hong Kong Monetary Authority, the principality’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: