Excerpt from: Spot Forex
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| June 26, 2008 | | Spread betting and contracts for differences on interest rates | Spread bets and CFDs on the ECB rate should consider that there is likely to be a hike in July. The Times Online reports on eurozone interest rates:
He said: “I said we could decide to move our rates by a small amount in our next meeting in order to secure this solid anchoring of inflation expectations. I said it's possible. And of course it was noted by all observers as something that was important.”
And, since the US is not expected to raise rates until September, it is likely that the interest rate hike will also help the euro in forex trading.
| Topic Tags: CFDs, contracts for differences, ECB rate, euro forex trading, eurozone interest rates, spread bets, spread bets ECB rate, spread betting, spread betting interest rates | |
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