Reports Chinese authorities are drafting rules on a Tobin transaction tax to curb currency speculation have led to further currency price drops in the renminbi and may be impacting U.S. markets, analysts say. Many hedge funds have been speculating on the Chinese currency moving lower, with China making rather public moves to derail such behavior. The Tobin tax would be among the more subtle tactics the communist nation has used to influence markets. The move comes as the wider...
Tobin Transaction Tax On Currency Speculation Likely Ahead In China; Could Crush Hedge Funds
Mark Melin
![](https://hedgefundalpha.com/wp-content/uploads/2016/03/China-fx-fixing-GS-2-1.png)
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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