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The US is reportedly threatening to remove the dollar's peg to the Hong Kong dollar. Here's why that's an empty threat from the Trump administration

4 monthes ago   |   By Business Insider

Bloomberg reported this week the US might restrict Hong Kong's access to US dollars and potentially spell an end to the Hong Kong dollar's 37-year currency peg to the US dollar.
One analyst, however, rubbished the threats, saying that such a move "would be an act of war" and wouldn't be implemented by the US.
He also said Hong Kong and China both have combined reserves of US dollars of more than 3.5 trillion, which would effectively render the removal of the currency peg pointless.
That's because China and Hong Kong governments could simply use their dollar reserves to prop up the Hong...
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