|
Does anyone know what the rates are for non-deliverable forwards (NDF) on the USD/CNY
Interest rates official
USD 1%
CNY 5.31%
short USD/CNY
earn carry while USD/CNY pegged?
when unpegged/re-pegged direction most likely down
windfall profits on USD/CNY
How does one take a position on CNY and other Asian pegged currencies?
Does anyone trade non deliverable forwards? How? If so what time frame (i.e. spot, 3-months etc)?
|