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FXPRIMUS now offering Offshore RMB & Turkish Lira Trading to its customers
Thursday 24th of April 2014
In a constant pursuit towards diversifying its product offering, FXPRIMUS is pleased to announce the addition of Offshore RMB (USD/CNH) and Turkish Lira (USD/TRY) to its Variable and ECN Premier accounts.
CNH is an offshore version of the RMB introduced by the Hong Kong Monetary Authority and People's Republic Bank of China which allows investors outside of mainland China to gain exposure to the RMB. TRY, being the primary currency in Turkey has been in demand in recent months due to the volatility in Syria and concerns about policy of the US Federal Reserve, which leads to attracting money from emerging markets.
As noted, both new currency pairs will be available in Variable & ECN Premier accounts, but not in Fixed spread. If you do not see these pairs listed in your Market Watch, simply right click and select "Show All" and they should appear.