Trump’s administration has considered undermining the HKD peg but in the opinion of economists at ANZ Bank the US will not hit Hong Kong due to its interest in the region and the effects of retaliation from China. Key quotes “The US is unlikely to stop China from transacting USD. Therefore, the authority could still back the HKD peg system. We wish to emphasise that Hong Kong and China’s central government are prepared for this.” “Hong Kong’s Financial Secretary Paul Chan has stated that even if the US takes measures to make Hong Kong dollar settlement inconvenient, the government has a contingency plan. Vigilance is needed, but people do not have to worry too much about it. Hong Kong’s USD settlement will not be affected. Besides its own commercial interests in Hong Kong, the US needs to take into consideration the likelihood of retaliation from China or Hong Kong SAR.” “We do not believe the US will penalise Hong Kong even if they are uncomfortable with the National Security Law.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ActivTrades Revenue Set to Go Up to Record High in H1 of 2020 Guest 3 years Trump’s administration has considered undermining the HKD peg but in the opinion of economists at ANZ Bank the US will not hit Hong Kong due to its interest in the region and the effects of retaliation from China. Key quotes “The US is unlikely to stop China from transacting USD. Therefore, the authority could still back the HKD peg system. We wish to emphasise that Hong Kong and China’s central government are prepared for this.” “Hong Kong’s Financial Secretary Paul Chan has stated that even if the US takes measures to make Hong Kong dollar settlement inconvenient, the government has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
