Daily News | Chinese company in hot water

We are at the end of the global binary options trading week, but you still have plenty of chances out on the currency market. However, you need to have a good overview of the situation. And that is just what we are offering, with plenty of data on the most important stories of this Friday. We start with the euro. From Wednesday to Thursday, the currency fell from $1.0699 to $1.0654. According to polls made by economists at several analysis centers, the Eurozone will continue to see growth at a modest pace in the coming year. The European Central Bank has made it clear that it will not be raising interest rates next month. Furthermore, they will keep the program until March 2017. We will continue to monitor the situation in Europe, but let us now turn to the US dollar. In the same timeframe, the USD rose from €0.9346 to €0.9385. The US government awarded the Chinese telecoms equipment group ZTE Corp a reprieve on export restrictions. It was hit with heavy restrictions by the US Commerce Department for breaking sanctions against Iran. If a ban is imposed on the company, Chinese network equipment and smartphone maker’s supply chains will effectively be cut off. For more news, be sure to follow us daily!

Daily News | Get more for your money

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Author: Max Rothstein

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