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Saturday, 27 October 2012

USDHKD - almost risk free trade?

The HKD is a controlled currency. Since May 2005 it's trading in between 7.75 and 7.85 HKD per USD. Right now it's traded at the lower threshold. If you believe in a stronger USD in the near future go long. Technically there is no reason for the rate not to go higher...

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