Long $ China Corps. Sell CNH NDF

08 Mar 2013

China-based corporate exporters sold around USD500 million in three-month U.S. dollar, China offshore yuan non-deliverable forwards this week.

China-based corporate exporters sold around USD500 million in three-month U.S. dollar, China offshore yuan non-deliverable forwards this week. They are looking to hedge their long dollar exposures against CNH appreciation. The trades have strikes of 6.35-6.40.

CNY failed to appreciate as rapidly in 2012 compared to previous years, as ...

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