Quote:
Originally Posted by dannybly
According to Jim Rogers (of Quantum Fund fame) China's yuan has further to climb against the dollar and could rise by up to 500 percent over the next 20 years.
Is anyone here looking to get long the Yuan?
Oanda offers trading in the USD/CNY pair, although the spread is a static 40 pips, and the interest rate is at -4.5%
There are probably better alternatives for investing in the Yuan over the long term, I'll post my findings....
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Hi there.
Imo the only way to actually profit from the appreciation of the yuan is to buy chinese assets. Otherwise your "haircut" ala oanda eats away any pricing advantage of buying currency. There is always the chance that one day the HKD will unlock from the usd and actually