I’ve piddled around in currencies with some success and have looked into Renminbi. I’m not a trader, have no FOREX account, I’ve done it via short term currency CD programs. The bar is pretty high to get into RMB via these programs, $80,000 minimum last I checked. That say to me that there is demand.
But, I have difficulty in trusting a currency coming from a command economy with more than just a trace of communism remaining in it. Dollar strength will put a damper on such expectations too, odd as that sounds given all the recent QE profligacy. So, I don’t know about all that, it’s no sure thing.
China as an exporting economy has a lot to lose with a strong currency. Japan could tell them a thing or two about it.
No doubt, it’s a race to the bottom.
Hi there. I have the perfect product for you then.
https://www.google.com/finance?q=MUTF:GARBX. The Guinness Atkinson China Renminbi Yuan & Bond Fund. It wont make you smashingly rich, but it is a way for you to hold RMB assets. Nothing is a sure thing, but HSBC just said recently that the yuan will replace the yen as the third most traded currency in the world behind the euro and dollar...