OANDA to stop offering onshore Chinese yuan

OANDA, one of the international leaders on the retail Forex scene, is streamlining its lineup of trading instruments starting from today’s market close.

The move will affect all of the subsidiaries of the company, which will see trading with USD/CNY (US dollar vs onshore Chinese yuan) unavailable from July 17th. The company reiterates, however, that in the face of USD/CNY leaving the list of trading instruments, it will continue offering trading with USD/CNH, the offshore Chinese renminbi.

Below you can view the set of pairs that will no longer be available after today’s market close.

US Division:

  • USD/TWD (US dollar vs Taiwan dollar);
  • USD/CNY (US dollar vs onshore Chinese yuan);
  • USD/INR (US dollar vs Indian rupee).

European, Asia Pacific, Australian and Japanese Division:

  • USD/TWD (US dollar vs Taiwan dollar);
  • USD/CNY (US dollar vs onshore Chinese yuan).

Canadian Division:

  • USD/TWD (US dollar vs Taiwan dollar);
  • USD/CNY (US dollar vs onshore Chinese yuan);
  • USD/XPD (Palladium).

The broker asks clients to close any positions in these instruments prior to the deadline. Any open positions for these instruments at the end of the business day on market close – Friday, July 17, 2015 – will be closed automatically at the market’s closing price.

To view the announcement on OANDA’s forum, click here.

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OANDA to stop offering onshore Chinese yuan


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