Pepperstone introduces new trading pairs – USDMXN, USDCZK, EURCZK & GBPTRY

Pepperstone is proud to announce the addition of 4 new trading pairs: USDMXN, USDCZK, EURCZK, and GBPTRY. These pairs give Pepperstone traders the ability to access new exposure to regions previously not available to the majority of MT4 traders. Included below is a breakdown of what to expect from these new pairs from a historical and current perspective. To view these pairs within your MT4 Platform Simply Right Click on Market Watch and Select ‘Show All’

The new pairs themselves give traders the ability to review new market specific event risk previously unavailable.   Most specifically traders can now expose themselves to the strong emerging Mexican economy, or the Czech National bank’s move to stimulate its economy.

USDMXN - Over recent months, the Mexican peso has seen a pickup in demand as global risk appetite increases. With leadership now locked in for the next 6 years, it offers stable government, with a central bank that has locked in a cash rate of 4.5% for the past few years. The bank of Mexico has not intervened in the recent accusations of “currency wars” and has let the market determine the exchange rate.

EURCZK & USDCZK - The Czech Koruna is in the top 30 most traded currencies in the world.   The Country itself’s economic growth is largely linked to the rest of Europe where its major trading partners are.  Over recent months the Koruna has been engaged in the “Currency Wars” in response mainly to the devaluation of the Euro.  The Czech National Bank has effectively set interest rates to zero to help protect its currency and to help stimulate economic growth.  Presently inflation is not a major concern, but when it eventually significantly ticks up it is expected that interest rates will also rise accordingly.

GBPTRY - Pepperstone already offers EURTRY and USDTRY and we think by adding GBPTRY into that mix adds a dynamic cross-section of exposure with the Turkish economy and currency for our traders.  The UK is the second biggest importer of Turkish goods and conversely 2 million Britons visiting Turkey for tourism purposes each year.