Daily News | CETA to move forward?

Another trading week is drawing to a close, but don’t worry – there is still time and more than enough opportunities to make good trades! We have the most important news right here and they will help you make your mark on the market! This Friday, we take a closer look at the euro. From Wednesday to Thursday, the currency rose slightly, from $1.0914 to $1.0919. This came after Belgium approved a landmark EU-Canada free trade agreement, the CETA, breaking the deadlock which had stopped the two economies from going forward. CETA, if finalized, could potentially increase trade by 20%. If the deal had not gone through, it would have called into question the EU’s ability to finalize deals and damage its credibility. We will continue to follow this story, but let us look at the US dollar. In the same timeframe, the USD fell from €0.9162 to €0.9160. This might have happened due to reports for new orders for US manufactured capital goods, which fell In September. This could influence expectations that business spending will accelerate in the fourth quarter. However, it seems that the number of Americans seeking unemployment benefits has dropped, which could be seen as an improvement. For more on these stories, be sure to follow us daily!

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Author: Max Rothstein

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