Daily News | China’s yuan gambit ends?

We are at the end of another great week of global binary options trading, with plenty of great news items that could influence your bottom line. Of course, we know the most lucrative ones, so be sure to stick with us as we go through them! This Friday, we start with the Chinese yuan. From Wednesday to Thursday, the currency rose slightly from $0.1442 to $0.1445. In the short-term, the currency worried speculators last week, but long-term investors are still betting against the yuan. A sudden tightening of yuan liquidity in Hong Kong is what drove overnight rates on the offshore component of the yuan to record highs. This did not alter expectations that it would depreciate this year, however. We will continue to monitor the currency in the future, but let us now turn to the US dollar. In the same period, the USD fell from €0.9521 to €0.9376. This came about as the Federal Reserve warned on Thursday Trump’s tax and fiscal plans could cause a short-term economic boost, but also inflation and debt problems in the long run. This would then have to be addressed, which left investors worried. We will continue to monitor this situation in the future, so be sure to follow us every day!

Daily News | Trade binary options with ease!

To make the most of the last day of global binary options trading this week, we suggest you take a look at IQ Option. In our IQ Option Tutorial article, we give you the basics on this broker so that you have a clearer picture of what they offer. With this company, you can invest as little as $1 if you wish, with the same high level of service as if you were trading thousands of dollars. Furthermore, there are over 100 assets to trade with, including stocks, currencies, commodities and indices. For more, check out the full article!

 

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Author: Max Rothstein
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