The next 'big Soros bet' crushes hedge funds as yuan hangs tough

Discussion in 'Fundamental Analysis' started by ForexLive, Mar 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Breaking a currency isn't so easy The most-popular trade of all heading into 2016 was a bet against the Chinese yuan. Hedge funds poured money into the trade early in the year and it pushed the US dollar higher in the first week of the year. Since then, however, it's been a steady and sometimes sudden drop. It's now flat on the year.

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