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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.