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Forward Market Bets on Renminbi Appreciation

 
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Author Forward Market Bets on Renminbi Appreciation
HenryTo
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PostPosted: Mon Jul 30, 2007 12:19 pm    Post subject: Forward Market Bets on Renminbi Appreciation Reply with quote
Forward market is now pricing in a 5.5% appreciation in the Chinese currency over the next 12 months:

http://www.bloomberg.com/apps/news?pid=20601109&sid=aYFOQ9RC4Dxc&refer=home

Quote:
Pictet Asset, part of the biggest closely held Swiss bank, added to holdings of forward contracts two weeks ago, on expectations the People's Bank of China will allow the yuan to strengthen faster to curb inflation. Consumer prices rose at a 4.4 percent annual rate in June, the fastest since September 2004.
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Author Forward Market Bets on Renminbi Appreciation Replies
rffrydr
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PostPosted: Sun Jan 13, 2008 8:40 am    Post subject: Reply with quote
Just in case you need to "hedge" the world's most steadily appreciating currency, the new gold futures contract:

http://news.xinhuanet.com/english/2008-01/10/content_7399790.htm

Limit up in first ten minutes. Equivilent in size to an eMini Gold.
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nodoodahs
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PostPosted: Mon Jul 30, 2007 12:34 pm    Post subject: Reply with quote
China's not gonna let the speculators get rich on their backs, nor jeopardize their export trade. Maybe that is a good short?
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