51. Any devaluation would also hurt and undermine the economy of Hong Kong, whose currency is pegged to the US dollar. 52. Any change in U.S. interest rates is usually followed by a similar move in Hong Kong because the local currency is pegged to the U.S. dollar. 53. Any change in U.S. interest rates is usually matched by a similar move in Hong Kong because the local currency is pegged to the U.S. dollar. 54. Any cut in U.S. interest rates is usually followed by a similar move in Hong Kong because the Hong Kong currency is pegged to the U.S. dollar. 55. Any movement in U.S. interest rates is usually followed by a similar move in Hong Kong because the local currency is pegged to the greenback. 56. Any change in U.S. interest rate is usually followed by a similar move in Hong Kong because the Hong Kong currency is pegged to the U.S. dollar. 57. Austria has long pegged its currency to the German mark. 58. Because the Hong Kong currency is pegged to the U.S. dollar, Hong Kong usually follows interest rate changes in the United States. 59. Brazil, Argentina and some smaller Latin American countries peg their currencies to the dollar. 60. EU ministers agreed a similar arrangement will peg the currency of the Indian Ocean island nation of the Comoros to the euro. |