I earn most of my income in RMB while my living expenses are in USD. The recent currency devaluations and strength of the dollar has hit my checkbook hard. Unlike most other investors and speculators who are bearish on the Chinese yuan, I don't have a bearish view on the Chinese economy as a whole (so inverse ETFs for Chinese stocks are not an option for me). However I believe that the exchange rate will continue to bleed over the next year and cut into my income. What is the best way to hedge for the fact that I earn my income in Chinese yuan and bet against its strength vs the US dollar?
Submitted January 03, 2017 at 05:32AM by Tritainia http://ift.tt/2iDyqtQ
