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Old 9th Jul 2019, 10:47
  #36 (permalink)  
Dan Winterland
 
Join Date: Jun 2001
Location: Fragrant Harbour
Posts: 4,780
Smart money is leaving quietly.. take advantage of the strong USD/HKD now and change it back to AUD/CAD/GBP/EUR or even THB if you're planning to retire there.
The HK$/US$ peg is being backed up with HKMA reserves as it takes a hit from the trade war. This cannot go on forever. A de-peg will take a big chunk out of any HK$ savings. And then? Some experts think a peg to the CNY makes better sense, which will be a death knell for the HK$ as there will be little point with continuing with it..
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