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Re: USD/China - The Donkey Kong Dollar Peg

From urbankaoboy.com

Like many kids who grew up in the 70’s and 80’s, I was an arcade game junkie. One of the games I invested countless quarters in was the endearing Donkey Kong, in which a lovestruck Mario braves numerous challenges to rescue the Princess from Donkey Kong, who has taken her captive. If Mario is nimble enough and is able to dodge all the obstacles thrown his way, he can finally knock out the pegs of support for Donkey Kong, causing him to crash on his head. Today, I extend this analogy to another Kong — the Hong Kong Dollar (HKD) specifically and its bigger cousin CNY. I’ll address this amalgam as the Donkey Kong Dollar ... (full story)

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  • Category: Fundamental Analysis