Investors to reduce speculative positions in renminbi NDF market

Investors will minimise exposure to the onshore renminbi derivatives market after the doubling of the currency’s trading band which is expected to increase volatility, say experts.

  • 17 Apr 2012

Less appetite is expected among speculative investors seeking a high returns play in the Chinese currency’s non-deliverable forwards (NDF) market in the short term following the Chinese central bank’s adjustment of the USD/CNY trading band on April 14.

The People’s Bank of China (PBoC) announced last Saturday that the ...

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