Benzinga Reports Major Forex News, Live From Delivering Alpha, Before USD/HKD Drops 40 Pips
Traders react sharply to news reported right here on Benzinga.
Reporting live from the Delivering Alpha conference in New York City, we informed our readers that Bill Ackman, the founder and CEO of Pershing Square Capital, was long on the Hong Kong dollar. Ackman expected the HKD to appreciate by 30% as Hong Kong moves away from the U.S. dollar.
Immediately after our report, the USD/HKD currency pair dropped 40 pips!
We followed this story with an in-depth feature covering Ackman's positions on Benzinga.com. But only those who subscribed to Benzinga Pro heard the news first; not during or after the move – before investors took action.
What happened to investors who weren't subscribers? In short, they had to wait. They always have to wait.
Follow me @LouisBedigian
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.