Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| September 25, 2006 | | Insight into interest rate moves gained by this week's economic data | | The U.S. dollar is firming in forex trading, but could change directions if U.S. economic news indicates that the economy is slowing. Interest rates have an effect on the way a currency moves, so spread bets and contracts for differences on currencies should pay attention to possible interest rate outcomes. And with three key U.S. economic data due out this week, clues into how your spread betting should go may become apparent. If the numbers show a slow-down, the chances of an interest rate hike benefitting the greenback are low, meaning that the dollar could weaken. | | |
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