Star investor sees Hong Kong dollar peg to U.S. dollar crumble

Star investor Bill Ackman is betting heavily against the Hong Kong dollar because he believes that the link between the Hong Kong dollar and the U.S. dollar no longer makes sense for Hong Kong.

On Twitter, he wrote: “We have a large notional short position against the Hong Kong dollar through the ownership of put options. The peg no longer makes sense for Hong Kong.”

He believes that the break is only a matter of time.

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