EUR/HKD

EUR/HKD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Hong Kong Dollar.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Hong Kong Dollar, issued in Hong Kong, is pegged to the US Dollar.

This peg means its value is closely tied to the US Dollar, and therefore, it is heavily influenced by US monetary policy and economic conditions. The EUR/HKD currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and the United States.