Dukascopy Bank has altered its leverage policy on the EUR/DKK and USD/DKK pairs, stipulating a maximum leverage of 1:10 to prevent a potential maelstrom should a recalibration of the trading range be undergone.
Nearly one week ago, Dukascopy Bank rolled out plans to endorse its 1% margin on the volatile EUR/CHF FX cross, following the tumultuous volatility experienced last month. The firm was also one of the early providers that changed its leverage back on October 12, 2014, increasing margins to 10%.
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Having seen the wide-ranging bouts of volatility that can potentially result from supported currencies or recalibrated traded ranges, Dukascopy will implement its new leverage exposures beginning February 8, 2015.
The pairs under consideration are the EUR/DKK as well as the USD/DKK, which will see exposures of a maximum leverage of 1:10, taking effect on the aforementioned date. The reduced leverage will help prevent a repeat of the CHF shakeup that convulsed currency markets last month.