HKD has been pegged to the USD for a while. I heard some traders talking about a bet they are placing that at some point the continuing decline of the USD will compel the HKD peg to be removed.
Question: Does the new trading between China and Japan using yuan and yen without USD make the HKD unpeg more likely and/or accelerate it?
Why the hell would I ask a question like this on WF? Because despite all the retard responses you get to a weirdo question there are often some interesting twists offered that you don't get from people in the biz.
Question: Does the new trading between China and Japan using yuan and yen without USD make the HKD unpeg more likely and/or accelerate it?
Why the hell would I ask a question like this on WF? Because despite all the retard responses you get to a weirdo question there are often some interesting twists offered that you don't get from people in the biz.