Daily News | Apple fights the EU

We are continuing our coverage of this week in global binary options trading and what a week it is shaping up to be! Join us, as we analyze all the pertinent data that could influence your bottom line on the currency market. This Tuesday, we focus on the euro. From Friday to Monday, the currency fell from €1.0459 to €1.0442. This came as the international company Apple appealed to EU courts, as the supranational organization is demanding a whopping $14 billion in taxes. They argue that EU regulators ignored tax experts and corporate law, deliberately maximizing the penalty. General Counsel Bruce Sewell argued that Apple was singled out purely based on its success. We will continue to monitor this situation in the future, as it could have serious ramifications for the Eurozone. For now, let us look at the US dollar. In the same period, the USD rose from €0.9560 to €0.9574. At the same time, Deutsche Bank is looking to agree to a penalty over the sale of toxic mortgage debt and there is a good chance that the case will be off the table before Christmas. Until then, it could seriously influence the USD, so be sure to stay on your toes this week. For more, be sure to follow us every day!

Daily News | Trade safely

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Author: Max Rothstein

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