Trump Threatens to Undermine the Hong Kong Dollar Peg

Jul.08 -- Advisors to the Trump administration are said to be considering proposals to undermine the Hong Kong dollar peg. The move is being seen as a part of Washington’s efforts to punish China for tightening its grip over Hong Kong. Bloomberg’s Mark Cranfield discusses the implications of the move on “Bloomberg Markets: China Open.”

[Dear_Mr._Isaiah_Deringer]

The new Hong Kong Dollar*

_*Now with chinese characteristics._

[alesh]

Thus they thought of the GBP before it got broken.

[KUfraskins]

The US stands to lose much less. What do you think we’ve been preparing for all year?

[robertschlesinger]

Trump's threatened move would be suicidal, but that doesn't mean he won't do it. Trump has a long history of making insanely stupid decisions.

[morongovalley]

They have $450 billion in reserves, at best it would be a pyrrhic victory.

[dogan]

H.K Dollar is shit. You can us it for toilet paper.

[cwt]

Kyle Bass must be losing shitloads now

[dw]

If the PBOC were to defend the HKD with their own measures and retaliation such as going into the US security market and Treasury market, why can the FED defend the US market and become buyer of last resource!!! They need the USD not the US. And we can squeeze their economy which will cause a bank run!!!!

[Lewizzzy]

They can’t retaliate against the us; that’s what happens when you engage in one way trades. China has lopsided real estate markets with 2, 3 empty houses. Matter of time Japanese style crash!