WisdomTree Chinese Yuan ETF (CYB) - NYSEARCA
  • Oct. 26, 2015, 3:06 AM
    • IMF representatives are set to give the all-clear for China's yuan to be included in the lender's Special Drawing Rights basket, laying the groundwork for a favorable decision by policymakers, Bloomberg reports.
    • Staff members are due to present their recommendation to the fund's executive board for a vote in November as part of a process scheduled for every five years.
    • Meanwhile, China took another step toward liberalizing its financial system on Friday, after the PBOC removed the cap on deposit rates. That move was paired with another cut to interest rates and banks' reserve requirements.
    • ETFs: CYB, CNY, FXCH
    | Oct. 26, 2015, 3:06 AM | 1 Comment
  • Oct. 20, 2015, 3:06 AM
    • The U.S. has softened its criticism of Beijing's currency policy, citing a shift in global economic winds as well as China's moves to allow market forces a greater role in setting the value of the yuan.
    • In its semiannual report on currencies, the Treasury Department said the renminbi is "below its appropriate medium-term valuation," but refrained from characterizing the yuan as "significantly undervalued," as classified in its previous report in April.
    • ETFs: CYB, CNY, FXCH
    | Oct. 20, 2015, 3:06 AM | 3 Comments
  • Oct. 12, 2015, 3:04 AM
    | Oct. 12, 2015, 3:04 AM | 16 Comments
  • Oct. 7, 2015, 2:53 AM
    • China's foreign exchange reserves posted their largest quarterly decline on record in July-September, as the central bank intervened to stabilize the yuan after an unexpected devaluation of the currency jolted global markets.
    • The country's foreign reserves, the world's largest, dropped $43.3B to $3.514T last month (the lowest since July 2013), and were down by about $180B for the third quarter.
    • ETFs: CYB, CNY, FXCH
    | Oct. 7, 2015, 2:53 AM | 1 Comment
  • Oct. 6, 2015, 4:58 AM
    • Despite the financial turmoil in China an unexpected devaluation, the yuan has now become the world's fourth-most-used payments currency, edging out Japan's yen for the spot.
    • According to international payments provider Swift, the renminbi accounted for 2.79% of global payments in value terms in August, up from 2.34% in July, although it still trailed the U.S. dollar (44.8%), euro (27.2%) and British pound (8.5%).
    • As recently as August 2012, the yuan only ranked number 12 with an 0.84% share, but Chinese authorities have since aggressively promoted international use of the currency.
    • ETFs: FXY, YCS, CYB, CNY, JYN, FXCH, YCL
    | Oct. 6, 2015, 4:58 AM | 3 Comments
  • Oct. 1, 2015, 3:03 AM
    | Oct. 1, 2015, 3:03 AM | 15 Comments
  • Sep. 13, 2015, 8:56 PM
    • Factory output in China rose 6.1% in August to miss the consensus estimate of analysts calling for a mark of 6.4%.
    • The soft read increases the odds that economic growth in China will dip below 7% in Q3.  The last time quarterly growth was below 7% was during the global crisis.
    • Fixed-asset investment in China decelerated to 10.9% during the first eight months of 2015, the slowest pace in 15 years. Analysts expected a 11.1% gain.
    • China-related ETFs:  FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, CHXF, KFYP, HAO, ECNS, DSUM,  CNY, CYB, FXCH.
    | Sep. 13, 2015, 8:56 PM | 18 Comments
  • Sep. 10, 2015, 3:11 AM
    • China's inflation rose to 2% on year in August from 1.6% in July and topped consensus of 1.8%.
    • On month, China's CPI accelerated to +0.5% from +0.3% and vs +0.4%.
    • The deflation in factory-gate prices (PPI) deepened, tumbling 5.9% on year vs -5.4% previously and vs forecasts of -5.5%. PPI has now dropped for 42 months in a row, with the latest fall the worst since 2009.
    • "The change in PPI is very worrying. It could affect corporate profitability, which in turn could affect consumption and the economy," says economist Li Huiyong.
    • Inflation was boosted by an increase in food costs, with pork prices surging 19.6% on year amid a supply crunch.
    • However, with commodity prices low and overcapacity prevalent, underlying inflation is otherwise subdued.
    • The inflation numbers comes after poor trade figures on Tuesday and ahead of retail sales, industrial production and fixed asset investment data on Sunday.
    • The Shanghai Composite is -1.75% after rising strongly in previous sessions, while the Hang Seng is -2.7%.
    • ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, DSUM, TDF, QQQC, XPP, YAO, FNI, GCH, YXI, ASHS, CN, FXCH, CHXF, FCA, CNXT, CHNA, CHII, CHIE, ECNS, EWHS, CHIM, KBA, KFYP, FCHI, JFC, CBON, FHK, AFTY, CHNB, CHAU
    | Sep. 10, 2015, 3:11 AM | 5 Comments
  • Sep. 9, 2015, 4:32 AM
    | Sep. 9, 2015, 4:32 AM | 2 Comments
  • Sep. 9, 2015, 3:09 AM
    | Sep. 9, 2015, 3:09 AM | 22 Comments
  • Sep. 8, 2015, 3:01 AM
    • Chinese imports fell for the tenth month in a row, tumbling a greater than expected 13.8% in August vs consensus of -8.2% and a fall of 8.1% in July.
    • Exports dropped 5.5% vs -8.3% previously and predictions of -6%.
    • China's trade surplus rose to $60.2B from $43B and easily topped forecasts of $48.2B.
    • The fall in imports reflects lower global commodity prices and sluggish internal demand, while the surprise yuan devaluation last month has yet to have a major impact on exports.
    • While for many observers the dollar trade figures will do little to allay worries about China's stumbling economy, research firm Capital Economics isn't so pessimistic.
    • "Trade has actually been quite healthy recently in volume terms," Capital Economics points out.
    • Indeed, markets don't seem so unhappy either, with the Shanghai Composite climbing 1.75% and the Hang Seng +1.7%.
    • ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, DSUM, TDF, QQQC, XPP, YAO, FNI, GCH, YXI, ASHS, CN, FXCH, CHXF, FCA, CNXT, CHNA, CHII, CHIE, ECNS, EWHS, CHIM, KBA, KFYP, FCHI, JFC, CBON, FHK, AFTY, CHNB, CHAU
    | Sep. 8, 2015, 3:01 AM | 21 Comments
  • Aug. 29, 2015, 8:37 AM
    • The sharp rally from Monday's panicky bottom is typical, says Felix Zulauf in a Barron's interview, and these recoveries tend to last for a few days to a few weeks, before the lows eventually get retested. Thanks to the continuing collapse of the Chinese bubble, it's Zulauf's hunch stocks will take out new lows in the next wave of selling.
    • Like Latin America in the early 1980s, Mexico in 1994, Asia in 1997, and Russia in 1998, China has a balance-of-payments issue. The currencies involved in those instances fell 40-70%. Even if the yuan only falls 30% (it's down 10% already) - with China being the world's largest exporter - the price deflation translates into declining sales, profit margins, and profits for companies across the globe.
    • "Central banks can’t solve the problem by providing more liquidity because liquidity isn’t the issue," says Zulauf. "We have plenty of liquidity; we don’t have enough borrowing capacity." What it means is lower prices, lower inflation, and lower interest rates. "The stock market will have to adjust to this new reality."
    • At the start of the year, Zulauf predicted the Fed wouldn't hike rates in 2015, and he's sticking to that view. A tightening now "will probably send the wrong signal to the market, and at the wrong time."
    • Yuan ETFs: CYB, CNY, FXCH
    • China equity ETFs: FXI, ASHR, CAF, YINN, PGJ, GXC, FXP, YANG, CHIX, CHN, PEK, MCHI, TDF, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CNXT, CHNA, KBA, JFC, AFTY, CHAU
    • Broad U.S. large-cap ETFs: CRF, VV, USA, SCHX, ZF, FEX, JKD, EEH, EQL, IWL, ERW, FWDD, ZLRG, SYE, SBUS
    | Aug. 29, 2015, 8:37 AM | 72 Comments
  • Aug. 20, 2015, 2:08 AM
    • Kazakhstan’s tenge plunged a record 23% at the start of trading today, following a surprise announcement the government would allow the currency to float freely.
    • The move continues a currency war being fought in the emerging markets.
    • Vietnam devalued its currency on Wednesday for the third time this year after a similar move in China, while Russia is allowing the ruble to track the drop in crude, which has tumbled 58% over the past year.
    • ETFs: VNM, CYB, CNY, FXCH
    | Aug. 20, 2015, 2:08 AM
  • Aug. 19, 2015, 12:35 PM
    • The IMF delays any move on its Special Drawing Rights (SDRs) basket of currencies for nine months, thus giving Beijing more time to meet the conditions necessary to include the yuan alongside the likes of the greenback, euro, yen, and cable.
    • The IMF had previously given the thumbs up to China's move to allow the yuan to float more freely (otherwise known as a devaluation).
    • Today's decision puts off any changes in the SDR basket until October 2016.
    • ETFs: CYB, CNY, FXCH
    | Aug. 19, 2015, 12:35 PM | 1 Comment
  • Aug. 17, 2015, 3:14 AM
    | Aug. 17, 2015, 3:14 AM | 2 Comments
  • Aug. 14, 2015, 3:08 AM
    | Aug. 14, 2015, 3:08 AM | 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.
See more details on sponsor's website
Country: China
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