European investors anticipate dollar strength versus the euro

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Investors in Europe are still looking to invest in structured products that take bets on the US dollar appreciating against the euro, despite the European Central Bank's (ECB) move to raise interest rates by 25 basis points to 4.25% on July 3. Many of the products launched, mainly in Italy and Germany, are targeted at investors anticipating rising US interest rates and therefore a stronger dollar.

"The ECB's move has changed market dynamics and slightly dampened interest in products which bet on

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