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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

How The Hammer Falls

Twenty months into a campaign against corrupt leaders, the crackdown is accelerating and the public is in the loop


Issue 80
August, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
How The Hammer Falls
Twenty months into a campaign against corrupt leaders, the crackdown is accelerating and the public is in the loop
Issue 80
08.01.2014

Subscribe       |       Newsletter        |        FAQ