USDHKD approaching that crucial 7.75 on LERS
Reasons for Hong Kong Dollar strengthening
Pick one of the following:
- Investors seek safe haven from soon-to-weaken USD
- Russians switch to HKD to beat US sanctions
- It makes more sense for HKMA to peg HKD to RMB
- Inflation due to cheap HKD force natives to occupy Central
- All of the above
USDHKD is approaching that all-important 7.75 level on the Hong Kong Dollar Linked Exchange Rate System again.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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