Analysts see Hong Kong peg under scrutiny
Hong Kong dollar reached lowest level in nearly a decade this week, prompting fears of looming attack
The Hong Kong dollar reached its lowest level against the US dollar in nine years this week, prompting fears in some corners of a speculative attack against the city's currency peg, amid market turmoil in China.
The Hong Kong dollar has weakened 1% against the US dollar so far this year as investors have sought to limit exposure to riskier assets amid a global stock market rout. It fell to HK$7.825 against the greenback on Wednesday, the lowest level since 2007, but still within the official
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