USD/HKD

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

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

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. Therefore, the USD/HKD currency pairing is primarily influenced by US economic factors and Federal Reserve policies.