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Saturday, Mar 06, 2021

Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says

Hong Kong dollar no longer ‘safe haven’ for investors as protests cast doubt, ‘father of dollar peg’ says

Hong Kong’s ‘safe haven’ status has diminished due to political instability caused by anti-government protests in the city, Invesco’s John Greenwood says. Extra liquidity from the US Fed is likely to flow into all Asian markets, not primarily Hong Kong, as it did after global financial crisis over a decade ago
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