“From a longer-term perspective, this is good news as another indication that the Chinese are actively pursuing their new macroeconomic strategy of stimulating domestic demand,” Barclays added. “It is too early to tell whether the recent band-widening signals a more rapid appreciation of the Chinese currency in the near term.”

Investors may access the Chinese currency through exchange traded products:

  • WisdomTree Dreyfus Chinese Yuan Fund ETF (NYSEArca: CYB)
  • Guggenheim CurrencyShares Chinese Renminbi Trust ETF (NYSEArca: FXCH)
  • Market Vectors Chinese Renminbi/USD ETN (NYSEArca: CNY)

WisdomTree Dreyfus Chinese Yuan Fund ETF

For more information on the Chinese currency, visit our Chinese yuan category.

Max Chen contributed to this article.

Read the disclaimer; Tom Lydon is a board member of the funds for Guggenheim Investments.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.