Daily News | US dollar still weak

We are in the second half of another trading week, with plenty of great opportunities out there waiting for traders such as yourself. New data is here for your convenience, so that you have even more time to react on the market! This Thursday, we decided to focus on the euro. From Tuesday to Wednesday, the currency fell from $1.0752 to $1.0744. This happened as European officials stressed that the United Kingdom and the EU would have to first get divorced and then talk about potential future trade deals, which has been the focus of Prime Minister Theresa May. It does seem that Britain has the most to lose in these negotiations, as it will still take two years for them to conclude. We will continue to monitor this situation in the future, but there are also news concerning the US dollar. In the same timeframe, the currency rose a bit, from €0.9300 to €0.9306. US dollar is still relatively weak, however, and oil prices are rising due to this weakening. Gains were capped by plentiful supplies and inventories, although OPEC and other producers tried to cut output and prop up the market. We will continue to monitor this situation in the future, so be sure to follow us daily!

Daily News | Get more for your money!

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