One larger liquidity provider has stopped pricing DKK and HKD and others may follow. This will of course have an impact on retail brokers as well. As Forex Magnates reported earlier, GAIN Capital, which operates Forex.com, has hiked margin requirements for the Hong Kong Dollar (HKD), Danish Krone (DKK), Chinese Yuan (CNY) and Czech Koruna (CZK) to 10 % (10:1 leverage) and for the Polish Zloty (PLN), Hungarian Forint (HUF), South African Rand (ZAR) and Singaporean Dollar (SGD) to 5 % (20:1 leverage).
It is quite likely other retail brokers will follow up as liquidity remains rather poor. As reminder, most of the above mentioned currencies are kept under a peg either vs the USD or the Euro.
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