Excerpt from: Spot Forex
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| August 06, 2008 | | Spread betting and contracts for differences on interest rates | Spread bets and CFDs on ECB rates should consider that Jean-Claude Trichet is signalling the possibility of a hike in the future.
After yesterday's Fed rate decision to keep rates on hold, accompanied by rhetoric indicating increased optimism for the future, Trichet has come out with his own statement about inflation worries in the eurozone.
The decision on ECB rates is expected tomorrow, and it is widely expected that the eurozone rate will remain steady at 4.25 per cent.
However, the rhetoric that surrounds the decision will be studied for future indications. Right now, the euro has rebounded in forex trading against the US dollar on Trichet's remarks.
| Topic Tags: CFDs, contracts for differences, ECB rates, eurozone, Jean-Claude Trichet, spread bets, spread bets ECB rates, spread betting, spread betting interest rates | |
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