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.   


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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