An employee counts US$100 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg

The Hong Kong dollar, which George Soros failed to break in 1998, is tempting hedge funds again. Will they succeed this time?

  • George Soros tried and failed to break the Hong Kong dollar’s peg to the US currency during the Asian financial crisis in 1998, while Bill Ackman’s wager on a dramatic strengthening in 2011 also proved fruitless
  • That history looms large as a new crop of hedge funds takes aim at the Hong Kong dollar once again, lured in part by anti-government protests that have rocked the financial hub for 12 straight weeks
Topic |   Currencies

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An employee counts US$100 banknotes at the Hang Seng Bank headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
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