FXCM to stop offering Hong Kong dollar on February 26

Mindful of last year's SNB shock, the US broker decides to stop quoting HKD amid fears over peg

Danger
Concerns mount: "All USD/HKD open positions will be liquidated after market close" on February 26

Retail broker FXCM is to stop offering the Hong Kong dollar to its customers as fears over the future of the pegged currency persist, following late January's volatile moves when the currency hit its lowest levels against the US unit for nine years.

The broker will stop offering the Hong Kong dollar from February 26. A spokesperson said "all USD/HKD open positions will be liquidated after market close and no new positions will be permitted" by the end of the month.

FXCM has already put in place

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