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.   


China's 2017 GDP surge steps up for the first time for 7 years

During the fourth quarter of 2017 China's economy tacked on faster than anticipated because an export revival helped the country to report its first annual acceleration in surge for seven years, thus defying worries that intensifying curbs on industry as…

Daily News: Thursday, January 18

A lot of important events happened in the economic world, do not miss them! Reports of the Australian labor market in December 2017 were delivered at night on January 18…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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