Old news from Deutsche

For some reason, Deutsche forgot to send me the new press release it issued on July 8 announcing it had launched a new physical payment product called FX4Cash.

Normally, the rules of the WeeklyFiX are clear: once the whistle blows, the train goes. In other words, I try not to regurgitate news that has already been published.

But clearly, the FiX can’t afford to ignore major product news from a market leviathan like Deutsche. So I am backing into the story to bring you a fresh angle. For that reason, I asked Deutsche what the spreads and charges would be on FX4Cash.

The bank replied: “In terms of bid offer spread of the FX4Cash prices: Real time rates on FX4Cash are the same as abfx prices.

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