atans1

Chaos can be good for S$, PM, PAP 

In Currencies, Emerging markets, Hong Kong, Indonesia on 20/08/2019 at 4:45 am

I kid u not.

HK$ rose against US$ despite the protests and riots that created economic uncertainty. Hmm maybe Mad Dog in power could be good for S$.

  1. The better explanation is the global backdrop of falling equity prices is more important than local chaos. The HK$ isn’t behaving any different from Yen (very strong) and S$ (mildly strong). Those 2 are in HK$’s peers but the Bloomberg graph is putting HK$ in a bad neighbourhood Lol!!!

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