Chinese Currency To Be Number “Yuan” Against U.S. Dollar
Posted on June 27, 2008 at 01:00 AM EDT
Many believe that the Chinese currency will eventually become number “yuan” to the U.S. dollar, so it’s fortunate for them that there’s an exchange traded fund (ETF) to track it. WisdomTree Chinese Yuan Fund (CYB), launched on May 22, is a straightforward, highly liquid way to play the yuan against the dollar, reports Steven Halpern for [...]