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The FX market for Hong Kong dollars (HK$) relative to US dollars (US$), where the HK$ is pegged to the US$. Is the HK$ over
The FX market for Hong Kong dollars (HK$) relative to US dollars (US$), where the HK$ is pegged to the US$. Is the HK$ over or undervalued relative to the US$ and how would the central bank maintain this peg?
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