Daily News | China changing its budget deficit?

The beginning of a new week of global binary options trading offers us new promises and opportunities. Anyone with the right combination of skill and data can extract profit from them with ease. We are here for you, in your corner, feeding you info on the most important economic news stories out there. That is why, this Monday, we focused on the Chinese yuan. From Thursday to Friday, the currency rose slightly, from $0.144705 to $0.144707. China has retained its previous decision to leave the budget deficit target for this year unchanged from the goals put forth last year. The country has maintained a target of 3% of GDP for this year, doubling down on debt reduction and reform. The target for the budget deficit is set at 2.38 trillion yuan, a rise of 200 billion yuan. We will continue to look into these changes later, but let us turn to the US dollar. In the same timeframe, the USD fell from €0.9448 to €0.9372. It seems that employers within the States hired new workers at a solid pace in February, going beyond any previous expectations, which could be a strong signal for the Federal Reserve to raise interest rate this week, in spite of signs that economic growth might be slowing down. We will continue to monitor this situation in the future, so stick with us!

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Author: Max Rothstein

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