11.   Hong Kong rates track U.S. rates because their currencies are linked.

12.   Hong Kong rates follow the U.S. because their currencies are linked.

13.   In many emerging markets, both in Latin America and Asia, the governments link their currencies tightly to the US dollar.

14.   Industrial confidence in Belgium, the Netherlands and France, nations that link their currencies to the deutsche mark, also deteriorated.

15.   Late Monday, some analysts were already questioning whether Hong Kong would continue linking its currency to the U.S. dollar at a fixed exchange rate.

16.   Monod, like Cartillieri, said the German and French economies are so integrated that linking their currencies would make sense.

17.   On the bright side, though, the dollar will offer some succor to struggling Argentina, whose currency is linked to ours.

18.   Options being considered include transferring production to the U.S., countries whose currencies are linked to the dollar or low-wage countries.

19.   One such method would be to establish exchange rate agreements that would closely link the currencies excluded from EMU to the new European currency, the euro.

20.   Since the Hong Kong currency is linked to the U.S. dollar, investors often buy and sell shares in both markets at the same time.