Which broker has Canada/Chinese Yuan pair? | Forex Factory

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Which broker has Canada/Chinese Yuan pair?

  • #1
  • First Post: Dec 29, 2015 6:53am Dec 29, 2015 6:53am
Which broker has Canada/Chinese Yuan pair?

Cant find one.

thanks.

Happy new year!
  • #2
  • Dec 30, 2015 1:53am Dec 30, 2015 1:53am
Just buy/sell half USDCAD and buy/sell half USDCNH / CNY
  • #3
  • Dec 30, 2015 4:04pm Dec 30, 2015 4:04pm
Quoting MoreYummy
Which broker has Canada/Chinese Yuan pair? Cant find one. thanks. Happy new year!
Hi MoreYummy,

There is not much volume in that particular cross which is why brokers don't offer it, at least not yet. As Plotinus has suggested, here is what you can do:

If you want to go long the Canadian dollar (CAD) versus the Chinese Yuan (CNH), then you can go short USD/CAD and go long an equivalent amount of USD/CNH.

If instead you want to go short the Canadian dollar versus the Chinese Yuan, then you can go long USD/CAD and go short an equivalent amount of USD/CNH.

For example you could buy 100k USD/CAD and sell 100k USD/CNH.
  • #4
  • Dec 30, 2015 5:52pm Dec 30, 2015 5:52pm
I thought about that strategy before.
However that requires more margin.
Im not trading it, but want to use it as hedge to my investment in different currency. I just want pure return from the investment without the risk of the currency fluctuation.

Or can you think of another way to hedge it?
  • #5
  • Dec 30, 2015 7:34pm Dec 30, 2015 7:34pm
Quoting MoreYummy
I thought about that strategy before. However that requires more margin. Im not trading it, but want to use it as hedge to my investment in different currency. I just want pure return from the investment without the risk of the currency fluctuation. Or can you think of another way to hedge it?
Through options
  • #6
  • Dec 30, 2015 9:13pm Dec 30, 2015 9:13pm
Quoting MoreYummy
Which broker has Canada/Chinese Yuan pair? Cant find one. thanks. Happy new year!
Saxo do apparently. Never had anything to do with them.

https://leaprate.com/2015/10/saxo-ba...truments-menu/
  • #7
  • Dec 31, 2015 12:50pm Dec 31, 2015 12:50pm
Quoting claudia1
{quote} Saxo do apparently. Never had anything to do with them. https://leaprate.com/2015/10/saxo-ba...truments-menu/
Good find... Search doesnt show it.
  • #8
  • Last Post: Dec 31, 2015 12:50pm Dec 31, 2015 12:50pm
Quoting plotinus82
{quote} Through options
Who has this option? serach doesnt come up .
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