Sellers are seeing renewed hedge fund curiosity within the Hong Kong greenback carry commerce because of the large hole between Hong Kong and US charges, after many have been stopped out on related trades in early Could.
“Hedge funds [and] quick cash [accounts], which diminished a few of their lengthy USDHKD place in early Could in the course of the USD/Asia sell-off, are participating within the commerce once more due to the enticing carry,” says John Luk, head of rising markets buying and selling for larger China at Crédit Agricole Company and
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