HKD is getting weak
HKD is getting weak
Government no longer buy back HKD at 7.757
Government no longer buy back HKD at 7.757
Note
Look at the resistance at 7.757 purposely set by the Hong Kong Government to use it USD reserve to buy back HKD. Today it just breaks at 7.758.Combine with the treasury deficit forcast and the addtional equity transaction tax, this raises speculation the government is planning to make the HKD weak and no longer purpose pump the equityu market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.