Hey Sive,
I have a favor to ask you. Are you able to talk somewhat about HKD (Hong Kong Dollar)? I know this may seem random but something happened in my family and I was left with some investments in Hong Kong. The investments are now in a bank in Hong Kong and are in HKD. I am a Canadian and I have been watching the CAD/HKD. I understand China is a communist country and that the HKD is pegged to the USD.
However, it seems that the HKD has been falling recently. This is good for me since I would like to someday turn this into CAD.
I do not know much about fundamentals so I would GREATLY GREATLY appreciate your professional input. Since the HKD is pegged to the USD, would it be smart to change all my HKD to CAD as soon as possible as the CAD/HKD has been getting weaker? Since HKD is pegged to USD, would it be safe to say that it is only a matter of time before CAD/HKD shoots up again?
I am not even sure if using technical analysis on CAD/HKD will work since HKD is pegged. I appreciate any kind of input or thoughts you may have with HKD.
Looking forward to hear from you.
Many thanks,
Brandon