Trader: The Hong Kong Monetary Authority's intervention triggered some Hong Kong dollar trap positions to Close Position.

GoldenOctober2024

Jin10 data on August 15 reported that, according to two traders familiar with the trading situation, as the Hong Kong Monetary Authority’s intervention tightened market Liquidity, some investors have closed their shorting carry trades on the Hong Kong dollar since Thursday. They stated that the Close Position of the dollar/Hong Kong dollar long positions led to a fall in the dollar/Hong Kong dollar spot price.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments