to decouple the US dollar from the Hong Kong dollar would cause is the precise reason the US will never follow through, according to one analyst.
The currency peg has been in place since 1983, which has paved the way for the Hong Kong dollar to trade in a strict band around 7.8 Hong Kong dollars per US dollar. Currency pegs allow smaller nations, in this case Hong Kong, to plan longer term for spending and business than with a free floating currency."I think actually it's worked very, very well for Hong Kong because Hong Kong has always had the special trading status with the United States," Halley said.
A confidential source told Bloomberg that changing Hong Kong's dollar peg with the US is a less popular option than canceling a US-Hong Kong extradition treaty, or ending co-operation with Hong Kong's police, Bloomberg reported.China and Hong Kong have enough US dollars to offset any losses Analysts have predicted any retaliation from the US could undermine Hong Kong's position as the sixth-largest financial center and prompt it to
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