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Any suggestions on vehicles for trading the Renminbi/Yuan?
I'm not crazy about Chinese stocks or Chinese government
bonds (I think there are problems brewing there). Because
of the peg to the U.S. dollar, the currency doesn't trade on
the forex markets.
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 02, 2003 3:44 PM
Subject: Re: [RT] plausible scenario....??
> Question hits the nail on the head! I think Euro gets 10-20% with the major
> problem for the Euro being a weakening European economy. China will be
> forced to float the Renmimbi (50%+- eventually) ... investing in dividend
> paying Chinese H shares is a major theme of mine. Asian currencies generally
> should appreciate against the dollar. So too should Australia and Canada.
> Don't have an opinion on Central and South America but they are habitual
> trouble spots so I wouldn't bet money on them.
>
> The dollar will have a relatively orderly decline until the credit bubble
> begins unwinding in earnest. The European and Asian currencies will be a
> (relative) safe haven.
>
> Earl
>
>
>
> ----- Original Message -----
> From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, July 02, 2003 1:41 PM
> Subject: Re: [RT] plausible scenario....??
>
> > In order for the dollar index to fall, other currencies have to rise.
> > Which other currencies do you think will rise and by how much?
> >
> > Kent
> >
> >
> > ----- Original Message -----
> > From: "EarlA" <earl.a@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, July 02, 2003 2:35 PM
> > Subject: Re: [RT] plausible scenario....??
> >
> > I think that's an optimistic assumption but it's on the way.
> >
> > Earl
> >
> >
> > ----- Original Message -----
> > From: "Norman Winski" <nwinski@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, July 02, 2003 11:20 AM
> > Subject: Re: [RT] plausible scenario....??
> >
> > MS,
> >
> > I think that long term, the US Dollar Index is headed to at least 88 and
> > possibly 78.
> >
> > Regards,
> >
> > Norman
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