Disliked{quote} to 7.5? wow, that is a big drop! but I am out now, they are intervening the market!Ignored
Here is my play:
On margin you can trade 200:1 with currencies
To avoid losses as the currency tanks use only $500 out of every $10,000 deposited for each trade so you can withstand a 10% currency move in the opposite direction which is pretty much impossible if you ask me with the Yuan. $50K deposit with $2500 trade allows you to trade $500K and 5% depreciation on that is $25K which is 50% on your investment which is also not bad. If we are lucky this year we will see a 10% depreciation which will mean you make $50K on $50K bet and if not then $25K is good enough. I believe that the Chinese Yuan and HKD will come to being even or close to even this year and if not this year then next year.
Yuan would need to go from around 6.60 to 6.0 in order for you to lose all your money which in my opinion is worth the bet because the odds are pretty low that this will happen. Economy is not great in China r abroad. Exports are down so currency will depreciate in China.