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Hong Kong's cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged

UPDATE 3-Hong Kong's cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged Add HSBC leaves rate unchanged HONG KONG, Feb 2 (Reuters) - The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

Stocks, FX slide on Fed gloom with ECB, BoE on tap

By Susan Mathew Dec 15 (Reuters) - Emerging market stocks and currencies fell on Thursday after a hawkish stance from the U.S. Federal Reserve raised recession fears, with currencies of South Africa, Thailand and South Korea losing around 1% each as the dollar rallied. The Fed will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Chair Jerome Powell said on Wednesday after hiking by 50 basis points.

Improbable bets on break of Hong Kong dollar peg adding up

By Tom Westbrook and Georgina Lee SINGAPORE/HONG KONG, Dec 5 (Reuters) - It's what is known in the markets as a "tail risk": a highly unlikely scenario in which Hong Kong's currency peg suddenly snaps. Yet market pricing suggests bets on such a shock are building in the hedge fund world, and some traders say it makes a lot of sense. Billionaire money manager Bill Ackman went public last month with his wager that the days of the Hong Kong dollar's 39-year-old peg to the U.S.

Billionaire investor Ackman bets Hong Kong dollar peg can break

* Pressure on Hong Kong dollar as U.S. rates rise * Hong Kong interest rates zoom as interbank liquidity dries up * Currency last loitering around the middle of the band By Tom Westbrook SINGAPORE, Nov 24 (Reuters) - Billionaire investor Bill Ackman said he's betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money manager to take a public short bet as U.S.

Bill Ackman bets Hong Kong dollar peg can break

SINGAPORE, Nov 24 (Reuters) - Billionaire investor Bill Ackman said he's betting the Hong Kong dollar can fall and said it's matter of time before its peg to the U.S. dollar breaks. "We have a large notional short position against the Hong Kong dollar through the ownership of put options," he said on Twitter. "The peg no longer makes sense for Hong Kong." The Hong Kong dollar HKD=D3 is pegged in a tight band between 7.75 and 7.85 per dollar and was last at 7.8178 per dollar.


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