Brazilian Real and Chinese Yuan ETFs

Discussion in 'ETFs' started by Daal, Jun 29, 2008.

  1. Daal


    CYB and BZF are the symbols. they are supposed to act like a money market deposit on that currency. Yet since they use currency forwards and swap agreements I'm wondering if someone knows how is the market for these currencies is behaving.

    when people expect appreciation it tends to get disrupted and a forward between dollar and yuan trades at trades discounts or premiums which removes profit potential, it happened on the yuan few months ago. forward market started to trade as if a short dollar yuan carry was -10%