Opportunity in the Brazilian Real and Chinese Renminbi [View article]
I agree the long term bullish cases for both Chinese RMB and Brazillian Real. But ‘non-deliverable forward contract’ seem like a rather complicated and cumbersome investment vehicle for lazy investor like me.
What about the ETFs? There are CNY and CYB for the RMB and BZF for the Real. WisdomTree has been running ads for CYB on CNBC recently.
Helping China Hasten the Dollar's Demise [View article]
The US Dollar will remain the most important reserve currency and the most widely used currency for international trade, but its 'market share' will gradually reduce.
While shaky credit worthiness makes other countries nervous about keeping too much USD in their FX reserve basket, automated and internet-connected trade transactions makes use of USD as trade currency an unnecessary cost that other country would like to cut now that everbody need to cut cost to the bone.
Opportunity in the Brazilian Real and Chinese Renminbi [View article]
What about the ETFs? There are CNY and CYB for the RMB and BZF for the Real. WisdomTree has been running ads for CYB on CNBC recently.
Helping China Hasten the Dollar's Demise [View article]
While shaky credit worthiness makes other countries nervous about keeping too much USD in their FX reserve basket, automated and internet-connected trade transactions makes use of USD as trade currency an unnecessary cost that other country would like to cut now that everbody need to cut cost to the bone.