Excerpt from: Spot Forex
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| December 04, 2008 | | Spread bets and CFDs on interest rates | Spread betting and contracts for differences on interest rates should consider that two rather substantial rate cuts have just been announced.
On the heels of a 100-point Australian rate cut, both the Reserve Bank of New Zealand and the Bank of England have made large cuts. The New Zealand cut of 150 basis points is larger than the 100 point cut made by the BoE.
As expected, both are seeing losses in forex trading on the currency market.
| Topic Tags: Australian rate cut, Bank of England, CFDs, contracts for differences, interest rates, New Zealand, rate cuts, spread bets, spread betting | |
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