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Bill Ackman says Pershing hedge fund is shorting the Hong Kong dollar in bet currency peg will break under US-China decoupling pressure

SCMP LogoSCMP3d ago

Bill Ackman says Pershing hedge fund is shorting the Hong Kong dollar in bet currency peg will break under US-China decoupling pressure - SCMP

Quick Summary:

Bill Ackman, founder of US hedge fund Pershing Square Capital Management, is betting against the Hong Kong dollar, saying that the peg no longer made sense.

The Hong Kong dollar has been pegged to the US dollar since 1983 and trades in a tight band against the American currency.


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Article Details

Author / Journalist: Bloomberg

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 09:48:21 (3 days ago)

News Timezone: GMT +8:00

Ranking: #712 (out of 2736 stories this day)

News Source URL: scmp.com

Language: English

Article Length: 46 words

Reading Time: 1 minutes read

Sentences: 2 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 1899733

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About SCMP

SCMP Logo

Main Topics: Economy

Official Website: scmp.com

Update Frequency: 10 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Bill Ackman says Pershing hedge fund is shorting the Hong Kong dollar in bet currency peg will break under US-China decoupling pressure" has 46 words across 2 sentences, which will take approximately 1 minutes for the average person to read.

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The story "Bill Ackman says Pershing hedge fund is shorting the Hong Kong dollar in bet currency peg will break under US-China decoupling pressure" was covered 3 days ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly economy news.

The outlet is headquartered in Hong Kong and publishes an average of 10 news stories per day.

It's most recent story was published 6 hours ago.

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  • News ID: #1899733
  • URL: https://beamstart.com/news/bill-ackman-says-pershing-hedge-16692561286001

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