Daily News | Banks moving to Germany?

Welcome once again to another exciting day of global binary options trading. There are plenty of great opportunities waiting for you around every corner! We have looked into several of the more important ones today, so stick with us! This Tuesday, we focused on the Japanese yen. From Friday to Monday, the currency rose from $0.00868 to $0.00879. This happened as the Bank of Japan will most likely maintain its sizable monetary stimulus on Tuesday. Most likely, the bank will reaffirm maintaining its ultra-loose policies. Markets also seem to be focusing on BOJ Governor Haruhiko Kuroda. His comments about US President Donald Trump’s protectionism will be the most interesting to traders, as well his stance on Japan’s powerful auto industry, one of the most important parts of its economy. We will continue to monitor any future changes, but let us now turn to the euro. In the same period, it rose from $1.0691 to $1.0701. Top regulators from Germany met about 50 envoys from foreign banks yesterday to discuss how they could move their business to Germany. Once again, Brexit is the reason for this move.  This meeting shows that there is a growing willingness to go to alternatives to London, which would be isolated if the UK left the EU single market. We will continue to monitor the situation, so follow us daily!

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