Daily News | US-China relations sour

We are at the start of another great week in global binary options trading! Be sure to join us as we explore the most pertinent news items of the day, so that you are free to make the most of the currency market this Monday! We start with the euro. From Thursday to Friday, the currency dropped from$1.0625 to $1.0538. This development can be reversed this week, as the Greek parliament approved a 2017 budget that should help the country be well on its way to a stronger economy. This plan, however, does come with significant tax hikes and austerity cuts, which was prescribed by its international lenders. Greece has had a moderately successful year and plans to keep that momentum going in the future. We will keep following the news related to this issue, but there are more interesting developments coming from the us. The USD rose from €0.9411 to €0.9489. US President-elect Donald Trump argued for a reviewed policy for China, stating that the States should not be bound in perpetuity to the “one China” policy. This could cause serious friction with the Chinese government and destabilize the global market, but more information will pop up in the following days. After announcing that the US will pretty much scrap their business interests in Asia, and speaking to the president of Taiwan, Trump has made another move that can affect the Far East. How will China react? We will continue to monitor this situation, so follow us every day!

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