anyone trade this pair? it's regulated by HKMA and trades within a band, is this a EUR/CHF-esque pair that we can play the floor? (until it fantastically bursts). seems like a straightforward play, is there something i'm not considering/thinking about?
recent wsj article on shanghai-hk markets and bank intervention got me thinking
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recent wsj article on shanghai-hk markets and bank intervention got me thinking
QuoteDislikedUnderscoring the unusually heavy inflows into the city, Hong Kong’s de facto central bank was forced to step into the foreign exchange markets Thursday evening to stop the local currency from strengthening past the upper limit of its narrow trading band. It was the first intervention since July 2014.
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