Shorts on USD/CNY

[triphop]

Hi, I want to place long-term shorts on USD / CNY (Chinese Yuan) as I can only see the pair heading down down and further down as the Yuan strengthens and the dollar crumbles.

Only my broker doesn’t deak with CNY. So far, I can only find Oanda that deals with it, and they’ve skewed the interest rates massively. Instead of 7% on the CNY (as of today), they state it as -1% (that’s right, minus 1), making the whole trade an enormously expensive (8%) carry trade in the wrong direction.

Anyone know of any other brokers that deal with CNY that operate a slightly fairer playing field?

[mpeng]

Hi, I believe that China market is going Northern. Am keen to short this pairs too and scouting around for a good broker that offer this pairs.

Let’s openly share any good broker if you have come across any, likewise I will sure scout for one.

Happy trading.

[szbu]

Hi, I want to place long-term shorts on USD / CNY (Chinese Yuan) as I can only see the pair heading down down and further down as the Yuan strengthens and the dollar crumbles.

Only my broker doesn’t deak with CNY. So far, I can only find Oanda that deals with it, and they’ve skewed the interest rates massively. Instead of 7% on the CNY (as of today), they state it as -1% (that’s right, minus 1), making the whole trade an enormously expensive (8%) carry trade in the wrong direction.

Anyone know of any other brokers that deal with CNY that operate a slightly fairer playing field?

I want to know this also.

[triphop]

Last week Oanda were advertising as the only retail broker that deals with CNY, so our choices are well… non-existent - Oanda or nothing.

Even with ECN’s I can’t find any that trade it.

[szbu]

Hi, I want to place long-term shorts on USD / CNY (Chinese Yuan) as I can only see the pair heading down down and further down as the Yuan strengthens and the dollar crumbles.

Only my broker doesn’t deak with CNY. So far, I can only find Oanda that deals with it, and they’ve skewed the interest rates massively. Instead of 7% on the CNY (as of today), they state it as -1% (that’s right, minus 1), making the whole trade an enormously expensive (8%) carry trade in the wrong direction.

Anyone know of any other brokers that deal with CNY that operate a slightly fairer playing field?

I have found it’s no way to profit on USD/CNY even with interest rate 7% due to the wrong direction of the carry trade and CNY has been dropped less than 6% since 01/01/07 . I do not know what are the methods to buy YUAN, any recommendations?