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Saxo Braces for US Election
Saxo Bank is increasing margin requirements on certain FX pairs, equity and fixed income products ahead of next month’s US election. Saxo says that it will implement margin changes on products expected to be affected by the outcome of the election such as some single equity, index and fixed income CFDs, and certain FX pairs. This includes taking most major FX pairs up to 2-3% with RUB and MXN going to 10% and 15%, respectively, while the minimum margin requirement on CFD indices will be 4% based on market volatility and liquidity leading up to and through the election.

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