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 Fxcm Adds High-interest-rate Currency Pairs, Press Release |
 Jul 17 2008, 8:55
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 Mataf's VIP  Group: Admin Posts: 2,408 Joined: 8-September 05 From: France Member No.: 1 Broker: Oanda Skype: forex.trader Demo/Real: Real Leverage: 1:5  |
New York, July 16, 2008
FXCM (www.fxcm.com) announced today the addition of three new exotic currency pairs to trade on the FX Trading Station, marked by high interest rates and high roll over. New Currency Pairs: • Euro/Turkish Lira • United States Dollar/Turkish Lira • United States Dollar/South African Rand Current Central Bank Interest Rate: Turkish Lira (TRY) 16.25% Current Central Bank Interest Rate: South African Rand (ZAR) 12.00% The most liquid trading time for the Turkish Lira and the South African Rand is 2 AM (EDT) – 12 PM (EDT) When trading exotic currency pairs, please be advised that liquidity in emerging-market currencies is significantly less than G8-country currency pairs. Low liquidity often causes large price swings with spreads that can widen to several hundred pips. To learn more about trading emerging-market currencies, view the Guide to Trading Emerging Market Currencies on DailyFX.com In total, FXCM offers trading for over 30 currency pairs. To see additional currency pairs on the FX Trading Station click on the Currencies button on the top tool bar to customize which pairs you see in your trading station, or view this video for more help: http://forex.acrobat.com/p69707443/ FXCM is committed to providing its clients with real-time streaming pricing with tight spreads. All pairs will be available to all clients except for Hong Kong accounts. Margin Requirement: EUR/TRY and USD/TRY 8% Margin Requirement: USD/ZAR 5% |
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