Daily News | New policy from the ECB?

We are nearing the end of another global binary options trading week, but that should not stop you from making informed, smart trades on the currency market, with our help, of course! Once again, we have looked at the most important news items of the day, so let us get into it right away. We start with the euro, which rose from Tuesday to Wednesday, from $1.1231 to $1.1238. This high comes as the European Central Bank is expected to make a policy decision, which could have a significant impact on the currency. Specifically, we are about to find out whether the ECB will extend its asset-purchase program beyond March of 2017 and whether it would ease supply scarcity issues. With growth and inflation remaining weak, this ECB move will surely have a great impact on the euro, so watch out for that. As for the Japanese yen, it rose in the same period, from $0.0096 to $0.0097. Asian shares did particularly well this week, however, Japan’s Nikkei had a slight problem yesterday, losing 0.3%, which was the direct result of the firm yen we have seen, losing its three-month high. It remained high in large part due to hearsay that the Bank of Japan is struggling to create a common front for new economic policies.

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