EFTA Document EFTA01458614

25 September 2015 FX Forecasts and Valuations: Don't throw in the towel RMB devaluation and ongoing weakness in China's economy has also again energized the debate about whether the peg is suitable for the Hong Kong monetary and financial system. We however, remain of the view that the peg will stay in place for foreseeable future, and that re-pegging HKD to a basket of currencies, such as Singapore's FX system, or to the RMB are not viable options for the foreseeable future. India India