Trader: Hedge fund is unwinding long USD/HKD call spread position.

Traders said that as the USD/HKD tested the lower end of the trading range, hedge funds have been unwinding their existing USD/HKD call spread strategy positions. The USD/HKD is relatively stable, trading at 7.7504. As of 14:35 Hong Kong time, USD/HKD options trading volume ranks second on the DTCC.