Were can I trade USD/HKD?

[dcantin]

Hi Joe,
I have been reading about currency pegs and would like to learn how to do some trades using rollover interest and appreciation based on the monetary authority policy which keeps the HKD above 7.75 and below 7.85.

Can you tell me what broker trades this currency pair and if you are familiar with this type of trade?

Thanks,
Denise

[jwong139]

Hi Denise,

HKD and USD are pegged since 1983 in that USD1 = HK$7.8. The HK Gov't has been defensive and do whatever it takes to maintain this rate under the guidance of Hong Kong Monetary Authority.

Hope this helps.
Jack:)

[ForexJoe]

Denise,

Up late tonight as GBP and EUR Dollars stalled first time as predicted in class and grabbing another piece of pip pie second time around.

Wonder if they will stall second time?

Of 23 pairs covered in my portfolio. The Hong Kong Dollar isn't one of pairs I pay attention to mainly since there is movement to have Chinese yuan as the official currency of the territory

The currency is pegged as mentioned from others.

If you want to monitor this pair - suggest you ask brokers if they carry the pair on there platforms

Blessings,

Forex Joe