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RMB Estimated to Appreciate 2.5% in 2011

|Includes: FXI, UDN, ProShares Ultra Semiconductors ETF (USD), UUP
RMB exchange rate on Monday increases slights.  Based on the FX market price, 1 USD  is equal to 6.5716 RMB.  RMBUSD rate fluctuates between 6.5713 to 6.5780 RMB.

The People's Bank of China adjusted median price lower on Monday (2/28) to 6.5752, but slightly off from last Friday's 6.5757.  From Offshore RMB market, one year RMB to USD contract dropped to RMB 6.4140/6.4180.  Based on the 1-yr futures contract, It is estimated RMBUSD rate will appreciate 2.5% this year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.