How to buy the Chinese Yuan for the LT

dabao91 · Nov 27, 2007

The easiest way to do it is buy futures on the CME. Cheap and easy. Just roll'em over every once in a while.

What is the ticker and the name of such future? Thanks.

trade4ever2day · Nov 27, 2007

Quote from dabao91:

The easiest way to do it is buy futures on the CME. Cheap and easy. Just roll'em over every once in a while.

What is the ticker and the name of such future? Thanks.

Futures don't pay interest. last thing I knew

Plus, you pay rollover cost and lose interest from held margin.

Alex

tbone4 · Nov 27, 2007

Quote from investorbond:

3) Are there any US-based accounts that offer interest on deposits held in RMB? [/B]

This is what I am interested in also. Does anyone have any information on this?

no_alone · Jan 24, 2008

Quote from tbone4:

This is what I am interested in also. Does anyone have any information on this?

Also!!
but i need a bank that i can open a account through the internet

JB3 · Jan 28, 2008

Just go to China or HK, it's only a flight away.

lwlee · Jan 28, 2008

it was mentioned already.
Everbank's WorldCurrency Access Deposit Accounts

no_alone · Jan 29, 2008

@lwlee
thank you lwlee but everbank dont pay interest

I guess the only option is to FLY FLY FLY to china!/

lwlee · Jan 29, 2008

???

"# Earn interest in the currency of your choice (with initial deposits as low as $10,000)."

no_alone · Jan 29, 2008

Currency Name Symbol Balance Up To: APY Balance Up To: APY Balance Up To: APY Balance Up To: APY Balance Over: APY
Chinese renminbi CNY 80,000 0.00% 82,000 0.00% 205,000 0.00% 410,000 0.00% 410,000 0.00%

0.00% <----