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  • re of value.One may make these trades to profit from it:1) Buy HKD outright.2) Buy HKD with USD leverage: Note negative HIBOR and LIBOR due to cost of carry is low.3) Buy HKD call options: HKD and its options are so cheap as options are mainly priced on volatility.It is interesting to note that Ackman had transitioned from activist to investing into currency trade which is more macro investing, i.
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