Caixin OnlineFinance & EconomicsTop Stories Finance More Investors Ask, Why Not Short the Yuan?
08.01.2011 17:29

More Investors Ask, Why Not Short the Yuan?

Crisis theorists and others are wagering that the Chinese currency will veer from its long appreciation path against the dollar
By staff reporter Huo Kan and Washington correspondent Zhang Tao
 

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.

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