26.08.2015 - Investors Bet That Currency Pegs Will Come Under Strain
With global markets thrown into a twist, some investors are betting that long-standing currency pegs might come under strain. Traders and investors said a buildup in bets against currency pegs in Hong Kong and Saudi Arabia accelerated after China’s central bank devalued its currency this month. The wagers picked up further after Kazakhstan and Vietnam moved to free their exchange rates, too. “[Investors] are looking at who’s next,” said Cynthia Wong, head of Société Générale SA ’s emerging-market Asia fixed-income and currency trading in Hong Kong and Singapore...............................................Full Article: Source
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