Excerpt from: Financial Spread Betting Strategies
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| January 04, 2008 | | Placing spread bets on the U.S. dollar | Placing spread bets on the U.S. dollar should consider that payrolls data, along with other economic indicators, can effect financial spread betting strategy. Weak payrolls data indicates that the U.S. is faltering in its economy, and this means poor underlying support for the U.S. dollar. Reuters reports on payrolls data and the U.S. dollar:
The dollar tumbled on Friday after a report showed the U.S. economy in December generated 18,000 jobs, the fewest since August 2003, increasing the likelihood the Federal Reserve will cut its benchmark interest rate by a half a percentage point this month.
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