Daily News | USD gains momentum

Here we have it, dear readers. There are only just a few short hours left in this week of binary options trading, but do not despair. Our top experts have analyzed the global market and have chosen the top stories that could shape the strength of the biggest currencies out there. This is why we shall be looking at the British pound sterling. From Wednesday to Thursday, the GBP rose from $1.2475 to $1.2524. But it seems that the British currency won’t maintain this momentum, as far as Deutsche Bank is concerned. In fact, the currency analyst firm stated that it could fall as low as $1.06 against the dollar. This was attributed to the fact that leaving the European Union has done irreparable damage to the country’s economy. We will look into this in the future, but let us now look at the US dollar. In the same timeframe, this currency rose from €0.9257 to €0.9273. This spring in the step of the USD might have been helped by single-family home sales jumping to new highs in February. This suggests that the housing market is rising and regaining some of its momentum. We will continue to look at currencies next week as well, so be sure to stick with us!

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Author: Max Rothstein
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