Yuan's Fall Threatens Leveraged Wagers.

The article discusses financial products designed to profit from a rise in the Chinese yuan that could instead produce losses if a decline in the yuan during February 2014 continues. Geoff Kendrick of financial firm Morgan Stanley estimates that below a certain level, each 0.1 yuan decline relative to the U.S. dollar will generate losses of some $500 million each month for holders of so-called target redemption forward contracts.