WisdomTree Chinese Yuan ETF

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  • Sep. 23, 2011, 5:17 AM

    A bipartisan group of senators says they expect to overwhelmingly pass a bill next month to crack down on China's manipulation of the yuan. The bill would include a provision allowing U.S. companies to seek countervailing duties on Chinese goods on a case-by-case basis. President Obama doesn't support the bill.

    | Sep. 23, 2011, 5:17 AM | 1 Comment
  • Sep. 22, 2011, 9:34 AM

    More on the yuan: The dollar continues its move higher vs. the Chinese currency, breaking out above its long-term downtrend, as technicians might say. Puts on the yuan ETF CYB, practically being given away a few days ago, are about to get more expensive.

    | Sep. 22, 2011, 9:34 AM
  • Sep. 22, 2011, 8:04 AM
    Some interesting action in everybody's favorite one-way bet, China's yuan. Mike Bergen notes the implied volatility embedded in options on dollar/yuan surged 20% overnight, suggesting a sharply higher chance of the Chinese currency dropping against the greenback.
    | Sep. 22, 2011, 8:04 AM
  • Sep. 19, 2011, 4:49 PM

    The fading global recovery is taking pressure off of Beijing to allow faster yuan appreciation. The currency is flat thus far in September after rising at a more than 5% annualized pace through August. Recent events are slowing exports, cooling inflation concerns, and turning politicians' gazes away from China's yuan policy.

    | Sep. 19, 2011, 4:49 PM
  • Sep. 8, 2011, 9:26 AM

    Chile's central bank - looking to spread risk - is studying the inclusion of the yuan in its foreign exchange reserves. It will be tricky as the yuan isn't currently convertible, but that may be changing soon.

    | Sep. 8, 2011, 9:26 AM
  • Sep. 6, 2011, 12:13 PM
    Excepting gold, "the yuan may be the ultimate safe haven today," says JPMorgan's Rebecca Patterson, reacting to Switzerland's action today. Hey, just because the SNB says it won't allow the euro to trade below CHF 1.20, doesn't mean the franc's going to zero.
    | Sep. 6, 2011, 12:13 PM | 1 Comment
  • Aug. 30, 2011, 3:26 PM

    Fitch Ratings says China looks at a "better than even" chance its debt rating will be lowered due to high inflation and bad debt loads emanating from the nation's massive stimulus program. The rating currently stands at AA-, four levels below its top rating.

    | Aug. 30, 2011, 3:26 PM
  • Aug. 30, 2011, 7:52 AM

    Traders say the PBOC looks to be allowing another leg of yuan appreciation, as the currency rises to an all-time high of 6.3795 to the dollar. The PBOC has been following a "2 steps up, 1 step down" pattern to try and avoid speculation on one-way moves. The yuan +3.27% vs. the greenback YTD.

    | Aug. 30, 2011, 7:52 AM
  • Aug. 16, 2011, 7:58 AM

    An above-the-fold editorial in state-owned China Securities Journal calls for widening the yuan/dollar trading band - bureaucrat-speak for allowing a slightly faster appreciation. Currently at 0.5%/day, the band is rarely threatened, but the PBOC has allowed a fix near the high end for 5 straight days.

    | Aug. 16, 2011, 7:58 AM
  • Aug. 15, 2011, 7:19 AM

    The dollar's recent slide against the yuan - falling 0.8% last week, the biggest move in more than a year - may have been the result of coordinated central bank action to calm financial markets in addition to the chance China is now allowing a faster appreciation of its currency, say analysts at DBC.

    | Aug. 15, 2011, 7:19 AM | 1 Comment
  • Aug. 12, 2011, 3:24 PM

    "The equivalent of a subsidy of 20% on all China's exports and an additional tariff of 20% on all China's imports," says Fred Bergsten of intervention which keeps the yuan undervalued. (It's) "the largest protectionist measure ... probably in all of history," he adds. He suggests the U.S. file a case with the WTO.

    | Aug. 12, 2011, 3:24 PM | 1 Comment
  • Aug. 10, 2011, 7:58 AM

    The recent market turbulence looks to have taken continued Chinese rate hikes off the table for now. "Usually, the Chinese government stops doing anything when there's chaos around, that's the instinct," says Andy Xie. A note last night from China's State Council dropped fighting inflation as the nation's top priority.

    | Aug. 10, 2011, 7:58 AM
  • Aug. 3, 2011, 10:32 AM

    A prominent Chinese academic calls for the U.S. to "provide provisions for foreign-exchange loss in our investments in (Treasuries)." China may be realizing its helplessness, given much of its wealth is tied up in an asset it has no control over. One item it does control: The yuan, whose peg assures a continued accumulation of greenbacks.

    | Aug. 3, 2011, 10:32 AM | 3 Comments
  • Jul. 27, 2011, 8:35 AM

    "Speculators have been burnt many times before," says a bank currency trader, warning the dollar's daily record lows vs. the yuan could soon provoke a response from the PBOC (not to mention the BOJ, SNB RBA, ECB, BOC, and Brazil).

    | Jul. 27, 2011, 8:35 AM
  • Jul. 20, 2011, 12:10 PM
    The U.S. will almost assuredly not miss any coupon payments on its debt, but that doesn't mean it won't default, writes Jeff Rubin. Japanese insurers suffered huge losses in the 70s, as the dollar fell 40% vs. the yen. They'd have been better off in lower-yielding JGBs. China might expect the same.
    | Jul. 20, 2011, 12:10 PM | 2 Comments
  • Jul. 12, 2011, 5:04 PM

    Australian miner Fortescue Metals (FSUMY.PK) has begun settling transactions with China in yuan, expecting to expand the practice quickly. "We are now exploring the possibilities of being paid in renminbi, purchasing equipment in renminbi from our renminbi bank accounts," says incoming CEO Andrew Forrest.

    | Jul. 12, 2011, 5:04 PM | 3 Comments
CYB Description
WisdomTree Chinese Yuan Fund seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese Yuan relative to the U.S. dollar.
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Country: China
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