91.   Hong Kong has a strong link to Wall Street because its currency is officially pegged to the US dollar.

92.   But they have agreed in principle on a compromise for pegging their currencies to a basket of currencies, in which the US dollar will keep the upper hand.

93.   Economists said the situation could be much better if the US dollar was strong as most GCC currencies are effectively pegged to the greenback.

94.   Last week, Swiss central bankers reiterated that they were no longer pegging their currency to its European counterpart.