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Rolling 1M leg of short USD-CNY NDF 1x12M trade

17 December 2012 06:00 GMT Callum Henderson , Robert Minikin , Thomas Harr

  • Activity and external payments data reinforce case for USD shorts in longer-dated USD-CNY NDFs • PBoC fixes and reported spot intervention suggest little tolerance for new CNY gains near-term • We roll maturing (long USD) 1M leg of original short USD-CNY NDF 1x12M spread trade
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Author: Callum Henderson , Robert Minikin , Thomas Harr

Region: China , Americas > US

FX: Currencies > CNY , Currencies > USD

Publication Name: FX Alert

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