Where now for the Hong Kong dollar?

Hong Kong's determination to maintain its exchange-rate peg to the US dollar has the confidence of currency-forward traders even as it fails to sway hedge-fund investor William Ackman.

The founder of New York-based Pershing Square Capital Management said at the weekend that he was keeping a wager that would profit if Hong Kong let its currency appreciate.

via Business feed http://www.scmp.com/business/money/article/1067526/where-now-hong-kong-dollar