Moving some dollars into yuan
Thursday, April 3rd, 2008Maobacks vs. Greenbacks
I have been investigating the obvious trend of RMB appreciation (or some would accurately point out, relative RMB appreciation to the declining dollar) and what to do about it. I wrote about using CNY ETNs to hedge RMB appreciation and later shared more links on this subject.
I’m currently in process on setting up an Everbank account that is based on non-deliverable forward contracts. Its a complicated and obscure thing to do for a retail investor so even though large, sophisticated players may have ways to hedge RMB-USD exchange rate, the little guy like me has only a few options. More on this at my China group blog, CN Reviews.
