Investors use products to make money on low rates

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Canny investors around the world are using yield-enhancing structured products to make money off the back of central banks' attempts to hold interest rates down at historically low levels.

Most of the demand is for US dollar-based products but, in an interesting development, some clients that have traditionally bought dollar-based products are moving into local currencies.

"We've seen exceptionally high amount of demand in dollars. There's a lot of 'on hold rates' type trades around at the momen

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