How to Profit From the Yuan Revaluation

How to Profit From the Yuan Revaluation - at www.moneyweek.com - the best of the international financial media

Regular Fleet Street Letter readers were well prepared for the upward revaluation of the yuan in July; we advised you to examine your portfolio for winners and losers on 27 November, 2004. The move is just the start of a region-wide process of currency appreciation - and plenty of opportunities to profit remain.

Of course, in technical terms, the reform itself was very limited. The currency will be allowed to trade in a narrow daily band of 0.3% against an unspecified basket of currencies. China has a closed capital account, which keeps foreign currency traders out and will make it much easier for the People's Bank of China to exercise control.

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