Saxo Bank now offers its clients a new way to capitalise on the opportunities offered in the emerging markets. Clients can now gain an exposure in Asian markets trading new FX crosses, the US Dollar against Thai Baht and Chinese Renminbi.
Commenting on the USDCHN cross offering Claus Nielsen, Head of Trading in Saxo Bank, said: “Over the past few years, the Chinese government has allowed the Renminbi to appreciate against the US Dollar, and has gradually deregulated the currency’s trading. Saxo Bank offers an important option to manage renminbi risk and exposure to real investments and positive yield.” Additionally, Saxo Bank has reduced the standard margin requirements for Eastern European currencies – Hungarian Forint (HUF) and Polish Zloty (PLN) traded against all other currencies.
All together these initiatives provide new alternative ways to invest into emerging markets.