Spread Betting on Currencies

255691 Resource 133535 120646 120646 1277126233847 1277126233847 Controlled China Revalues the Yuan

Spread bets and CFDs on the spot forex market

While individuals cannot trade the yuan, movements of the Chinese currency (also called the Renminbi) can influence other financial markets. Spread betting and contracts for differences on currencies and other financial instruments should consider that, for the first time since July 2008, <a href="http://www.calculatedriskblog.com/2010/06/chinas-yuan-rises-against-dollar.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29" target="_blank" title="spread bets, CFDs, currencies, spot forex market, yuan, renminbi, spread betting, contracts for differences">the yuan has been revalued</a>. The Chinese revalued the yuan so that it is higher against the U.S. dollar. Chinese officials are also pledging that there will be more flexibility in the yuan's movements going forward. While there is still essentially a dollar peg for the yuan, it appears that the Chinese are looking to slowly ease that in an effort to become even more integrated in the global economy. 9 application/xml false CFDs contracts for differences currencies renminbi spot forex market spread bets spread betting yuan Spread Betting on Currencies Spread bets on the spot forex market http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.2.3) Gecko/20100401 Firefox/3.6.3 GTB7.0 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133535 blog blogsite/GFTUK/web