Here’s what’s happening with the Chinese yuan currently

Sovereign Confidential

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It was late last year when Sovereign Man's Chief Investment Strategist, Tim Staermose, identified that a severely weakening Chinese economy and capital flight would inevitably have to lead to a weaker Chinese yuan.


Tim devised several trades based on this premise that would profit from that outcome.


One of them shot up more than five times only a few weeks after his recommendation.


And indeed, after a spectacular boom and bust in the Chinese stock market earlier in the summer, the government succumbed to market forces and, in a shock move to most market participants, devalued the yuan in August.


But with Chinese authorities juggling whether letting the yuan weaken to help the economy, or pushing its agenda on the international stage, the currency is in sort of a limbo right now.


Tim provides an update on what's happening with China currently and what that means for any open trades that you may have based on his recommendation.


Read more about it here.

It was late last year when Sovereign Man’s Chief Investment Strategist, Tim Staermose, identified that a severely weakening Chinese economy and capital flight would inevitably have to lead to a weaker Chinese yuan. Tim devised several trades based on this premise that would profit from that outcome. One of them shot up more than five…

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