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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 brief guess as U.S. fee hikes flip the blowtorch on Hong Kong’s foreign money system.

“We’ve got a big notional brief place towards the Hong Kong greenback by the possession of put choices,” he stated on Twitter. “The peg not is smart for Hong Kong and it is just a matter of time earlier than it breaks.”

The Hong Kong greenback has been pegged in a good band between 7.75 and seven.85 per dollar for almost 4 a long time and tends to face stress – and to this point unsuccessful speculative challenges – each …

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

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