Western investors abandon their previous positions on Yuan

Western investors abandon their previous positions on Yuan

A bunch of Western investors previously placed bets for the last two years that China’s Yuan currency would go down due to a weaker Chinese economy. Other potential risks include a debt crisis and capital outflows. However, they’ve recently changed their positions, motivating their move by the fact they might lose in the short term if they try to take on the People’s Bank of China. This country’s key financial institution has been taking several measures aimed at keeping the national currency stable.      

It’s the case ahead of an autumn congress of the leading Communist Party of China, expected to enable Xi Jinping, Chinese leader to consolidate his power. Additionally, the Chinese economy has been more sturdy than expected and the nation’s government has taken adequate measures to reduce capital outflows. In addition to this, the greenback has been rebounding from revenues it made last year.

Key global fund managers, including Old Mutual Global Investors, Asset Management, Goldman Sachs and Investments and Aviva have already taken off their short Yuan positions.   


Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera