Forex currencies and Hong Kong protests

Forex currencies and Hong Kong protests

Written by: PaxForex analytics dept - Wednesday, 21 August 2019 0 comments

It is no secret that political events, and strong confrontations in particular - wars, revolutions, protests, have a very direct effect on the currencies exchange rate of the countries involved in the conflict. However, Forex traders often underestimate this factor. Below we look at the impact of ongoing protests in Hong Kong on the exchange rate of the Chinese yuan and the Hong Kong dollar.