Recall that back in 2011, Ackman had presented long HKD trade idea. Today, news that Hong Kong Buys $603 Million at HKD7.75 to the dollar In First Peg Intervention Since 2009 (Source: Bloomberg), may be a prelude to the possibility of the readjustment of the peg.
Read more here:Revisiting Bill Ackman’s Long HKD trade
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