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USDHKD approaching that crucial 7.75 on LERS

Reasons for Hong Kong Dollar strengthening

Pick one of the following:

  1. Investors seek safe haven from soon-to-weaken USD
  2. Russians switch to HKD to beat US sanctions
  3. It makes more sense for HKMA to peg HKD to RMB
  4. Inflation due to cheap HKD force natives to occupy Central
  5. All of the above
USDHKD daily chart

USDHKD creeps towards 7.75 again

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’.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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One thought on “USDHKD approaching that crucial 7.75 on LERS”

  1. Felix Thang says:

    Thanks for your analysis!

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