Published by Mark Smith-HalvorsenInvesting in yuan forward contracts could prove to be the most effective way to profit from the Asian foreign exchange market in 2011, a number of experts have suggested.Individuals at Goldman Sachs, Nomura and Deutsche Bank have all spoken positively with regards to investment in yuan forward contracts, Bloomberg reports.The currency could gain if the European debt crisis boosts dollar demand, the news agency reports that Goldman Sachs believes.Ongoing problems in Europe will likely make it more difficult for Asian currencies to gain ground on the foreign exchange market, chief Asia-Pacific economist at the bank in Hong Kong Michael Buchanan told the news provider.Over the last month, the majority of Asian currencies have weakened against the dollar, partly as a result of the European problems.This week, the yuan has for the first time been traded against the ruble in Moscow. China traded against the ruble last month.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site