Oanda offers trading in the USD/CNY pair, although the spread is a static 40 pips, and the interest rate is at -4.5%
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DislikedThis is one of those exotic pairs with a 25 pip spread... yikes.
Here is one broker..http://www.tradelandfx.com/currencies.htmIgnored
http://bp1.blogger.com/_dvsIjUgMOUw/...eenshot_89.png
So, in summary, China is growing, and the USA is getting weaker as everyone else grows. There's a unique relationship between our private businesses, China, and USA that seems to favor the Chinese. Does the Yuan look good yet?
Look at this graph
DislikedHi guys,
with all that has been going on, we all know with great probability that yuan will appreciate vs dollar...but I keep wondering why Oanda is the only broker that offers option to trade dollar to yuan...also its spread is huge, and interest rate is unreasonable. Are there anywhere else u can trade dollar to yuan except for the bank...like OTC? thanksIgnored
Dislikedsome people believe that yuan is underrated against dollar. The Chinese government is been accused to "keep" Yuan low in order to boost the chinese products abroad.
However, i believe in the end of the day, exchange rate parity will find its balance and when it happens, the Yuan value will rise extremely against dollar...i just dont know when it will happen...Ignored