Daily News | Read what's going on in German economy

Daily News | German economy on the rise

We are at the beginning of another exciting week in global binary options trading. Once again, there are plenty of opportunities to make sizeable profits, if you know just where to look. We have, of course, compiled data on the most important news items, so let us start with the euro. From Thursday to Friday, the currency fell from $1.0599 to $1.0557. This happened, despite German exports jumping higher than expected in November, the steepest rise in four-and-half year, pushing up industrial production in the final quarter of last year. This last batch of figures showcased evidence that the German economy gained momentum at the tail end of the year. The increase was driven by a 1.5% jump in construction output, the strongest gain since February. We will continue to look into this in the future, but let us now turn to the US dollar. In the same timeframe, the USD rose from €0.9434 to €0.9472. This came as Fiat Chrysler Automobiles vowed to invest $1 billion to modernize two plants in the US Midwest, as a response to the President-elect Donald Trump’s threats to push new taxes on imported vehicles. There will be a follow-up to this story after the inauguration, so make sure to follow us every day!

Daily News | Try trading binary options!

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