Some investors think Hong Kong could follow the Swiss. There was a surge in the volatility of Hong Kong dollar options the day after the SNB's move and the spot price of the Hong Kong dollar has moved toward the strong side of its narrow trading band.
The Hong Kong Exchange Fund, which backs the territory's currency, posted an investment gain of 43.6 billion Hong Kong dollars ($5.62 billion), down 46% from HK$81.2 billion in 2013, the de facto central bank said Monday. The investment return for the ...
Both Australian brokers, AxiTrader and Pepperstone, are abandoning Hong Kong dollar and Danish krone crosses, citing lack of market makers for the pairs in the aftermath of the Swiss National Bank's decision last week.
South China Morning Post (subscription) - Jan 20, 2015
Hong Kong, which ranks fifth in overall attractiveness, still has its appeal. But future growth would be limited by a lack of hotel rooms and an unwelcoming attitude over the influx of tourists, says the report.
I go to Rome and I know that there will be prosciutto in my days, bucatini in my nights. I go to Lisbon with an uncontestable agenda of the shellfish and the sausage that the Portuguese cook so enviably.