MXT Global will be one of the first financial services providers in Australia to be offering the Chinese Yuan/US Dollar pairing to Forex traders. The demand for the Yuan has been exponentially growing and with suggestions that the Chinese government are looking to float the currency, future demand will only increase. In early January, 2014, it was reported by Bloomberg that the Yuan was ranked the eighth top currency used in transactions worldwide.
MXT Global will now also be offering new precious metals Palladium (XPD/USD) and Platinum (XPT/USD) to their commodities trading mix. MXT Global has responded to the calls for such commodities, especially with Platinum reaching trading highs of late against news of mining strikes.
Spot Gold (http://www.mxtglobal.com/
“With such a large amount of clientele from Australasia, we know these new products will be a welcome trading addition for them. We are responding to these requests from our clients and glad to be able to support their financial interests” says Xiawei Que, Manager Sales & Trading of MXT Global. Mr Que suggests that as the company expands so too will their products and services over the course of 2014.
MXT clients who wish to access these new products can do so immediately on the latest version of MXT’s MetaTrader 4 (MT4). In the ‘Market Watch’ panel, right click on any line and select ‘Show All’. The new Chinese Yuan currency pair will be shown as USD/CNH. As always, MXT will always offer these items at competitively low spreads and high execution speeds.
If you do not have a MXT MetaTrader 4 (MT4) platform, you can download a free 30 day demo account (http://www.mxtglobal.com/