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FOREX: USD/CNH
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Candlesticks
#1 Posted : Friday, April 11, 2014 8:48:44 AM
Rank: New-farer


Joined: 12/16/2013
Posts: 49
Location: Nairobi
We can now trade the Chinese currency.

NYSE:FXCM) is now set to offer offshore renminbi (CNH) trading to its international client base, alluding to the desirability of trading China's Hong Kong-based offshore currency which has come about partly as a result of the immense level of business referred to major international FX firms via representative offices in China.

CNH is bound by less stringent capital control laws than the mainland Chinese CNY, but indeed the growth of the Chinese client base among overseas firms has bolstered the value of it as a viable asset to trade against other currencies.

"'Nowadays people know the price of everything and the value of nothing.' - Oscar Wilde.
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The Merchant
#2 Posted : Friday, April 11, 2014 10:02:57 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Nice one FXCM
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hisah
#3 Posted : Friday, April 11, 2014 12:39:59 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@candlestick - put this info on the forex thread no need to open many fx threads.

@wazua admin - merge this thread with the realties of forex thread.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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