More Investors Ask, Why Not Short the Yuan?
Plenty of smart money is betting on the rise of the yuan, but some overseas foreign exchange investors are looking the other way.
Contrarians range from hedge funds to wealth management firms, and they generally agree that the possibility of yuan devaluation against the U.S. dollar is at least slightly greater than market consensus. Chinese policymakers, meanwhile, are not rushing to argue the point.
"We are indeed shorting the yuan," investment manager Cullen Thompson of the New York firm Bienville Capital Management LLC told Caixin.
- Wrecking Ball
- Soccer Team, Major Sponsor Get Shirty over Jersey Change
- Advocate for Transplant Reform Not Done Yet
- Scandal at Aviation Regulator Widens as Another Official Investigated
- China Must Show Resolve in Combating Terrorism
- Leaky Pipes
- Chairman of Securities Firm's HK Subsidiary 'Missing for Six Days'
- Xi, Li Express Their Support for Developing Robotics Industry
- Banks' Total Value of Bad Loans Rises for 16th Straight Quarter
- Alibaba Said to Be Taking Stake in Publisher of HK Newspaper
- Sign up to receive our free daily newsletter
- Country's First Cruise Ship Heads to Port for Final Time
- How a New Idea for Revamping the Economy Is Taking Shape
- Official Figures for Major Smog Pollutant Last Year 'Off by Half'
- China Eyes More Muscle for Market Supervision
- Chinese Gov't 'Causes an Investment Gap with U.S.'
- The Real Drivers of China's New Culture Movement
- Why the IMF's Likely Recognition of the Yuan Will Matter
- Party Graft Buster Announces Inquiry into CSRC Official
- Wang Jianlin on Why the Wanda Phenomenon Works
- Scandal-Hit Citic Securities Says Its Party Head Will Retire