Whatever gets HKMA to intervene also appears to coincide with dips in U.S. financials. When USDHKD is below the limit or HKMA doesn't intervene, there's no pressure/ not enough pressure. I'm focused on USDHKD coming off the limit. I'm not forecasting or using this for a trade, only observation. Hypothesis is financials dip again when HKMA intervenes to lift HKD off the floor.
Blurred [sovereign debt restructuring] lines
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Would an official sector creditor by any other name be treated as sweetly?
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