CurrencyShares Chinese Renminbi Trust ETF
 (FXCH)

- NYSEARCA
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Nov. 11, 2015, 4:47 AM
    • During the G20 summit this coming week, the U.S. will likely urge leaders to use monetary, fiscal and structural tools at their disposal to offset a shortfall in global demand and will push countries with extra fiscal space to spend.
    • Treasury Secretary Jack Lew will join President Obama and others at the summit on Nov. 15-16.
    • The U.S. is also expected to support the inclusion of the yuan in the IMF's benchmark currency basket, provided China meets the existing criteria of the international lender.
    | Nov. 11, 2015, 4:47 AM | 1 Comment
  • Nov. 10, 2015, 4:16 AM
    • China is taking another step to boost the yuan's global usage, saying it will start direct trading with the Swiss franc.
    • The link, which goes into effect today, makes the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan. According to the China Forex Trade System, the rate will be allowed to fluctuate a maximum 5% on either side of a daily fixing.
    • The announcement comes ahead of an IMF meeting this month that will review its Special Drawing Rights Basket.
    • ETFs: CYB, CNY, FXCH
    | Nov. 10, 2015, 4:16 AM
  • Oct. 30, 2015, 6:36 AM
    • Today, the currency surged the most since China scrapped a dollar peg in 2005 after the PBOC said it will consider a trial program in the Shanghai free trade zone allowing domestic individual investors to directly buy overseas assets.
    • According to China Foreign Exchange Trade System prices, the yuan rose 0.62% to close at 6.3175 a dollar in Shanghai.
    • The move marks another step in China's effort to remove restrictions on capital flows as it seeks inclusion in the IMF's reserve-currency basket.
    • ETFs: CYB, CNY, FXCH
    | Oct. 30, 2015, 6:36 AM | 1 Comment
  • Oct. 29, 2015, 3:22 AM
    • The yuan slipped back to fifth place in terms of usage for global payments in September, a setback that's forecast to be short-lived due to China's push for reserve-currency status.
    • "There's no question that the yuan will regain the fourth ranking in the coming months," said Banny Lam, co-head of research at Agricultural Bank of China International Securities.
    • According to SWIFT, the Chinese currency’s share of transactions declined to 2.45% last month from a record 2.79% in August, when it overtook the Japanese yen.
    • ETFs: CYB, CNY, FXCH
    • Previously: Yuan poised to join IMF currency basket (Oct. 26 2015)
    • Previously: Yuan overtakes yen as global payments currency (Oct. 06 2015)
    | Oct. 29, 2015, 3:22 AM
  • 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
FXCH Description
The CurrencyShares Chinese Renminbi Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.
See more details on sponsor's website
Country: China
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub