Many global currencies are slowly but surely realizing their demise, what now?

The board is full of chess pieces and there are a lot of winning moves. Here are a few of my thoughts.

1. Short CNH. The "house of cards" is not going away and they will stop at nothing to improve measures of the economy (stocks). They recently extended the short sale ban for 6 months and have been active with monetary intervention, depreciating the yuan significantly over the last couple months. This is not the end this is the beginning, now that the yuan is allowed to trade more freely everyone can take advantage of this opportunity.
   
2. Long ZAR. Oversold and hit hard by the commodity downturn. If there is one bright spot in the south african economy it's the prospect of a stronger currency, even though the monetary policy remains in uncertain turmoil. This is one to keep an eye on.