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WisdomTree Chinese Yuan ETF (CYB)

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  • May 12, 2011, 10:46 AM
    China's reserve requirement bump today is meaningless against the continued inflationary impact of the PBOC printing massive quantities of yuan to hold its value down, writes John Carney. The government's focus continues to be providing jobs for the masses, not inflation.
    | 7 Comments
  • May 9, 2011, 4:38 PM
    Noting China's trade surplus has fallen for 3 consecutive years, and the country had a trade deficit in Q1 2011, Chinese Commerce Sec. Chen Deming calls complaints about yuan policy "unfounded." Senator Sherrod Brown is unconvinced, calling for legislation to pressure China relax controls on its currency.
    | 1 Comment
  • May 9, 2011, 7:34 AM
    Worried the speedy rise of yuan deposits in Hong Kong will undermine confidence in the HK dollar, China seeks to curb this activity, says Nomura. Negligible just 2 years ago, yuan deposits are now equivalent to nearly 15% of HK dollar deposits.
    | Comment!
  • May 6, 2011, 4:48 PM
    As the U.S. and China come together for annual talks next week, currency (and manipulation?) should dominate the schedule - but lawmakers' calls for punishment may overlook some significant renminbi appreciation to date and overstate the U.S. benefits of a stronger yuan. That doesn't mean it's not still undervalued.
    | 2 Comments
  • May 6, 2011, 8:12 AM
    China signals it is willing to discuss its currency controls at talks in D.C. next week, but gives no indication about giving in to demands for faster yuan appreciation. The yuan has risen 5% since June, ahead of the 3% pace slated by China at that time.
    | Comment!
  • May 4, 2011, 12:38 PM
    China faces a serious credit collapse down the road if political calculus keeps it from "decisive" monetary tightening now to put the "inflation and credit genies back in the bottle," writes George Magnus. This Minsky moment would hit global markets and shock conventional wisdom betting on continued yuan appreciation.
    | 1 Comment
  • May 4, 2011, 12:04 PM
    Seeking to further diversify from the greenback, South Korea considers investing a portion of its more than $300B in foreign currency reserves (7th largest on the planet) in yuan-denominated securities. U.S. securities currently make up about 64% of SK's stash.
    | 3 Comments
  • May 4, 2011, 10:55 AM
    Business is booming at FiREapps, where CEO Wolfgang Koester says U.S. firms are clamoring to hedge against dollar weakness. Jeff Macke notes companies getting swept up in this sort of worry could mark the sign of a market extreme - witness airlines' rush to hedge near the top of the 2008 oil mania.
    | Comment!
  • May 4, 2011, 7:27 AM
    China shares -2.3% following the hawkish tone in the PBOC Q1 monetary policy report. "Stabilizing prices and managing inflation expectations are critical," says the report which also say bank reserve requirement have no "absolute ceiling."
    | 1 Comment
  • May 3, 2011, 9:42 AM
    Fervent China bull Jim O'Neill of Goldman lowers his temperature a few degrees, expecting more monetary tightening as the latest data show neither the economy slowing nor price pressures abating. He notes China A shares have given up 1/2 of YTD gains, suggesting a loss of confidence by the locals.
    | 1 Comment
  • Apr. 29, 2011, 2:40 PM
    All the talk out of China about allowing a stronger yuan to assist in the battle against inflation is backed up by the 0.9% increase in its value in April, by far the biggest jump in several months. The rise sine June 2010, when the PBOC dropped its peg, is 5.2% vs. announced expectations for a 3% Y/Y rise.
    | 1 Comment
  • Apr. 29, 2011, 2:19 PM
    "Our economy is far from where we would like it to be," says Fed chief Bernanke at a conference about the challenges facing lower/moderate income communities. Gold likes what it hears, now surging 2% to $1,562/oz. The dollar plumbs fresh 30-month lows.
    | 3 Comments
  • Apr. 29, 2011, 9:19 AM
    Despite the usual rhetoric about the desire for a strong currency, U.S. officials seem unconcerned with the weakening greenback. The current decline in the dollar isn't out of line with 3 of its other recent bear markets. The only problem is 2 of those 3 moves ended with major financial panics.
    | Comment!
  • Apr. 29, 2011, 7:38 AM
    The one way bet on China's currency continues, the yuan completing its 7th straight weekly rise vs. the greenback to its highest level in nearly 2 decades at CNY6.49. There has been much recent chatter at the highest levels that a stronger yuan could help the inflation fight.
    | Comment!
  • Apr. 29, 2011, 4:30 AM
    Rather than deciding on whether to bet on China or take a punt with India, smart investors should seek exposure to both: "Picking one and leaving out the other would be a high-risk strategy," one strategist says. The good news: Both of the world's most populous countries can point to powerful population trends that bode well for continued strong growth.
    | 3 Comments
  • Apr. 28, 2011, 8:32 AM
    With "much of the impact of higher (commodity) prices is still in the pipeline," World Bank economist Louis Kuijs says "it's too early to stop the macro tightening" in China. His colleague Ardo Hansson suggests a one-off revaluation of the yuan, "the more quickly you do it the more impact you get."
    | 1 Comment
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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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