Excerpt from: Spread Betting North American Financial Markets
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| February 27, 2007 | | Spread bets and CFDs on a falling U.S. dollar | The U.S. dollar is coming out weaker in financial markets today as it falls against the euro and the Japanese yen. Spread betting and contracts for differences should short the U.S. dollar for now, and consider information about U.S. economic data and gobal concerns when placing spread bets and CFDS. Reuters reports:
The dollar hit a two-month low against the euro, extending
its grind lower ahead of figures from the U.S. housing and
consumer sectors which could fan concern about a slowdown in the
world's biggest economy and a possible interest rate cut. Geopolitical concerns, jitters about rising defaults among
high-risk borrowers in U.S. sub-prime mortgages as well as
falling stock markets made investors wary of taking on risk and
prompted them to buy back low-yielding currencies such as the
yen and Swiss franc.
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