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HomeSportsBillionaire investor Ackman bets Hong Kong greenback peg can break

Billionaire investor Ackman bets Hong Kong greenback peg can break




SINGAPORE -Billionaire investor Invoice Ackman stated he is betting the Hong Kong greenback will fall and that its peg to the U.S. greenback can break, the most recent huge cash supervisor to take a public quick wager as U.S. charge hikes flip the blowtorch on Hong Kong’s foreign money system.

“We have now a big notional quick place towards the Hong Kong greenback via the possession of put choices,” he stated on Twitter. “The peg now not is sensible for Hong Kong and it’s only a matter of time earlier than it breaks.”

The Hong Kong greenback has been pegged in a decent band between 7.75 and seven.85 per dollar for practically 4 many years and tends to face strain – and so far unsuccessful speculative challenges – each …

Carry on studying: Billionaire investor Ackman bets Hong Kong greenback peg can break

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