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Top 10 Established Currency ETFsDavid Fry • Mon, May 13
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China Wrestles With Hot Money - From LocalsMarc Chandler • Wed, May 8
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The Diminished Case for Chinese Yuan AppreciationForexBlog • Tue, May 3, 2011
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The Link Between China, The Yuan and CommoditiesMarket Blog • Mon, Jun 21, 2010
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Top 10 Established Currency ETFsDavid Fry • Mon, May 13
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China Wrestles With Hot Money - From LocalsMarc Chandler • Wed, May 8
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at MarketWatch.com (Dec 27, 2011)
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at MarketWatch.com (Oct 31, 2010)
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at MarketWatch.com (Jun 22, 2010)
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at MarketWatch.com (Jun 21, 2010)
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at MarketWatch.com (Jun 18, 2010)
CYB vs. ETF Alternatives
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
See more details on sponsor's website
Country: China
Key Info
- In Your Portfolio: A Guide to Currency ETFs and ETNs
- Asset Class Performance: Currencies
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, February 29, 2012, 12:04 PM "The next big global financial crisis will emanate from China," writes Martin Wolf. "That is not a firm prediction," but he notes how the U.S., Japan and a host of others suffered crises following financial liberalization and global integration. Still, Wolf is encouraged by China's cautious and "sensible" plans for reform. Comment! [Global & FX]
- Tuesday, February 28, 2012, 1:16 PM China is set to allow banks in Shenzhen (bordering Hong Kong) to offer individuals the opportunity to move money abroad without first converting their yuan to foreign currency. The move continues other reforms aimed at promoting use of yuan for cross-border trade and investment. 1 Comment [Global & FX]
- Friday, February 24, 2012, 3:18 AM China should accelerate the loosening of capital controls, says the PBOC in a report that outlines the path to a freely tradable currency and more open capital markets. The timing of the report suggests reform-minded officials may be trying to build momentum ahead of a leadership transition announcement later this year. Comment! [Global & FX]
- Saturday, February 18, 2012, 7:28 AM The PBOC cuts bank reserve ratio requirements by 50 basis points to 20.5%, effective February 24, reports the WSJ. It's the second easing of policy in less than 90 days. 19 Comments [Global & FX, Breaking News]
- Friday, February 17, 2012, 6:57 AM China and Japan pledge to promote direct exchange of their currencies for trade settlements. Regulations and custom have most trades being settled in greenbacks, but a bilateral working committee will encourage a boost in fx dealers, a review of current rules, and the setting up of a yuan trading center in Tokyo. Comment! [Global & FX]
- Thursday, February 16, 2012, 4:21 PM It's not just an undervalued yuan that causes China's large trade surplus with the U.S., argues Patrick Chovanec, pointing out the yen's surge against the dollar in the late 80s didn't impact the trade imbalance. Market access is of far more import. Money is flowing out of China now, he says. If the PBOC stopped intervening, the yuan would probably fall. Comment! [Global & FX]
- Wednesday, February 8, 2012, 10:46 AM Facing pressure from Japan (worried about the strong yen) to stop purchasing JGBs, China - as it does with the U.S. - looks to have channeled its buys through the U.K. Officially, China reduced its holdings of Japanese paper by $45B in 2011, but Japan shows $880B in unaccounted purchases from the U.K. - it's likely at least some of that is from China. Comment! [Global & FX]
- Thursday, February 2, 2012, 3:11 PM "In Tokyo, bankers and property brokers speak in amazed whispers of Chinese nationals paying for real estate with debit cards," relates Henny Sender, writing about the rising flow of capital out of the country. Not a new phenomenon, the flow is growing, thanks to political restiveness and ideas the yuan could fall in value just as easily as it has risen. Comment! [Global & FX]
- Friday, January 27, 2012, 7:22 AM Timothy Geithner is still talking in Davos (previous) - now moving on to China and the "formidable challenge" posed by the artificially-low yuan. He maintains that it's critical to get China to move on the exchange rate and "dialing back subsidies." 6 Comments [Global & FX, U.S. Economy]
- Friday, January 20, 2012, 2:37 PM Nouriel Roubini sees a "significant" slowdown in store for China - calling for GDP to fall below 8% if the government doesn't add stimulus measures. If that happens, he says the government will be forced to further reduce its reserve requirement and lower interest rates to help turn the economy around. 3 Comments [Global & FX]
- Friday, January 13, 2012, 12:54 PM Forget nibbling around the edges of a shrinking trade surplus or currency adjustments, last quarter's fall in China's fx reserves means a flood of capital is exiting the country, writes Tom Orlik. Property and stock prices are falling and the yuan is no longer a one-way bet. "All of the normal arguments for investors to keep their money in China no longer apply." Comment! [Global & FX]
- Friday, January 13, 2012, 6:54 AM More on the fall in China's fx reserves: It marked the first quarterly decline since the Asian financial crisis in 1998. The drop of $20.5B compares to an average quarterly gain of $160B over the last 5 years. Not having to deal with that, the PBOC is going to have to alter a monetary policy that is built around having to recycle billions of (mostly) greenbacks every month. Comment! [Global & FX]
- Thursday, January 12, 2012, 3:54 PM Jiang Jianqing, the chairman of ICBC (IDCBY.PK) - the world's largest bank by market cap - sees China diversifying its $3.2T in fx reserves into stocks, enterprises, and other assets as it moves away from almost only debt instruments. ICBC may be part of that, borrowing some of the stash to help finance overseas projects. Comment! [Global & FX]
- Wednesday, January 11, 2012, 9:55 AM Maybe attempting to reverse a troubling slowing in the issuance of yuan-denominated offshore paper, China's NDRC gives permission for 10 banks to issue nearly $4B of debt in Hong Kong. China's own banking issues combined with ideas the yuan is no longer a one-way bet, slashed activity in "dim sum" bonds late in 2011. Comment! [Global & FX]
- Tuesday, January 10, 2012, 9:45 AM Lou Jiwei, the chairman of China's $410B sovereign wealth fund, is reportedly the frontrunner to replace Xie Xuren as finance minister, possibly in October. Given his current job, Lou's appointment could boost Beijing's efforts to diversify its $3.2T forex reserves. Comment! [Global & FX]
- Tuesday, January 10, 2012, 7:23 AM For 2011, China's trade surplus clocks in at $155B, down 14.5% from 2010, giving more ammo to Beijing which is making noises about slowing down or even halting the yuan's appreciation against the dollar. The yuan rose 4.7% against the greenback in 2011, it's strongest move in memory. Don't expect a repeat this year. Comment! [Global & FX]
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ETFdesk
WaysToPlay: China Rejects View PBOC Shifted on Yuan, Morgan Stanley Says http://bit.ly/3xyaGj $CYB $MS #China #FX #ETF #MKT - View all 0 replies
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Thomas Pan
Strong RMB means stronger dollar, and weaker Euro as China doesn't need to sell dollar for Euro. CYB USD FXE - View all 0 replies
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Thomas Pan
China's currency policy shift boosted dollar against other major currencies and put pressure on commodity price. USD CYB - View all 0 replies
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Thomas Pan
In its third-quarter monetary policy report, the People's Bank of China dropped a phrase pledging to keep the renminbi stable. CYB - View all 0 replies
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ETFdesk
WaysToPlay: China Signals That It May Allow Currency to Rise Against Dollar http://bit.ly/Crr4c $CNY $CYB #China #FX #MKT #ETF #dollar - View all 0 replies
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