Hong Kong’s currency is once again approaching the weak end of its trading band against the greenback, after a reprieve last month.
Hong Kong’s currency is once again approaching the weak end of its trading band against the greenback, after a reprieve last month.
www.bloomberg.com
K
Check this out. Chinese banks are running out of USD. will this affect HKD. Checks://www.wsj.com/articles/chinas-banks-are-running-out-of-dollars-11556012442?fbclid=IwAR2am0qxVai2Qe4pKEQs6yIL_EjypPxr7IbCjgNq0lSQVrwdCUABrfo5AGA
The major Chinese commercial banks once had more dollar assets than liabilities. No longer.
The major Chinese commercial banks once had more dollar assets than liabilities. No longer.
Kyle Bass, founder of Hayman Capital Management, said he’s shorting the Hong Kong dollar against the U.S. dollar to express his view that Hong Kong’s usable reserves for defending its currency peg are insufficient.
Kyle Bass, founder of Hayman Capital Management, said he’s shorting the Hong Kong dollar against the U.S. dollar to express his view that Hong Kong’s usable reserves for defending its currency peg are insufficient.
HKMA has already spent US$1 billion this month defending HKD.
K
HKMA is spending more money to defend peg. It is about USD$2 billion this month. Hong Kong external debt is so high. Hong Kond has HKD$13257610.00 million external debt. Hong Kong and China’s banking sectors are among those most vulnerable to a crisis because of rising debts, according to a report from the Bank of International Settlements.
B
Question- if i buy this ETF HDK=X i am long the USD and short the HKD... yes?
K
Check this out. The peg has to break eventually as the fundamental is not sound. I do not think Miles Kwok or Kyle Bass or Soros need to do much to short HKD.
One of my favorite speculating stories is when George Soros and Stanley Druckenmiller (my idol) masterfully ‘Broke the Bank of England’ on Black Wednesday (1992). This was when Soros uttered those unforgettable words – “go for the jugular”...
One of my favorite speculating stories is when George Soros and Stanley Druckenmiller (my idol) masterfully ‘Broke the Bank of England’ on Black Wednesday (1992). This was when Soros uttered those unforgettable words – “go for the jugular”...
speculatorsanonymous.com
K
If all anti extradition protestors in HK go to change US$100 cash from HK dollar. They can surely count the number of protectors. This may also give some pressure to HK gov to retract the bill.
Y
Still not updated, neither did CNBC..
Y
It was over 7.85 for a while. However, yahoo stops updating data...
K
Could it be HKMA has no caah? can it be they only have unsettled foreign exchange contracts?
K
HKMA has spent another USD$.5bn yesterday defending HKD. Now adding to USD$1.5 billion this month.
https://na.cx/i/KKjBxaA.png
http://www.thestandard.com.hk/section-news.php?id=206419&sid=2&sid=2
Hong Kong external debt is so high. Check this out.
https://tradingeconomics.com/hong-kong/external-debt
https://www.scmp.com/business/banking-finance/article/2136882/hong-kong-china-bank-sectors-vulnerable-crisis-says-bank
Hong Kong external debt is so high. Hong Kond has HKD$13257610.00 million external debt.
Hong Kong and China’s banking sectors are among those most vulnerable to a crisis because of rising debts, according to a report from the Bank of International Settlements.
I do not think Miles Kwok or Kyle Bass or Soros need to do much to short HKD.
https://speculatorsanonymous.com/articles/hong-kong-dollar-break/