Improbable bets on break of Hong Kong dollar peg adding up
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.
Analysis: Valuing Argentina’s peso: It could cost the Peronists an election
Argentina’s embattled currency could cost the ruling Peronist party an election – and its key majority in the Senate.
