Is there any way to short the renminbi with very low interest rates for a long time

[Peter8519]

Trust in da shaet
China's current problems are caused by the current massive problems of the West:
b/c the West cannot afford anymore to buy big in China (due to high inflation in the West), then obviously this leads to export and unemployment problems in China...

Selling RMB and buying USD. Don't think George Soros is involved in this one. It's capital flight.

 

[mervyn]

Selling RMB and buying USD. Don't think George Soros is involved in this one. It's capital flight.

they have an offshore pool, like eurodollar, so it is not a capital flight per se but it will pressure the rating fixing to match, aka depreciation. but that is already expected, their rate is 3.45 while the fed is at 5.5

 

[Randalli]

Sell in the futures market, cost zero, keep rolling at expiration.

https://www.cmegroup.com/markets/fx/emerging-market/chinese-renminbi.html#venue=globex

Thank you

 

[Randalli]

That's not the only zero.
https://www.cmegroup.com/markets/fx/emerging-market/chinese-renminbi.settlements.html#tradeDate=08/25/2023
View attachment 321885

Thank you

 

[Randalli]

Can try the ETF route e.g. SCNY.

Thank you

 

[zdreg]

Thank you

trades in London not the US

 

[Nighthawk]

That's not the only zero.
https://www.cmegroup.com/markets/fx/emerging-market/chinese-renminbi.settlements.html#tradeDate=08/25/2023
View attachment 321885

The product development team of the CME Group is "puzzled" about so many ZEROS.

 

[Picaso]

Maybe try UC futures in Singapore Exchange.

 

[kroxobor]

What about using CNY CFDs? I see one in my Hotforex platform, how do I check if its cheap to short or not? Via daily swaps or are there other costs?

 

[maxinger]

Maybe try UC futures in Singapore Exchange.

Then you might be the only one trading it.