Daily News | Consumer spending worries Japan

We are continuing our work this week on the global binary options market, and there are plenty of events to get out of the way before the end of the year! Join us, as we make sure you have the best chances of making lucrative trades on the currency market this Tuesday! We decided to focus on the Japanese yen first, since the currency rose from $0.00853 to $0.00854 during the weekend. However, it seems that, on the whole, Japan’s core consumer prices had their ninth straight month of annual declines and household spending declined this November, as well. In fact, core consumer prices fell the fastest in four years, highlighting that policymakers have their work cut out for them in the upcoming year. Now, let us focus on the euro. In the same timeframe, the EUR rose from $1.0451 to $1.0454. This came about right after the ECB told Monte dei Paschi that it would need to resolve the capital deficit of $9.2 billion. Europe’s oldest bank received some help from the Italian government last Friday, after investor backing turned out to be unreachable for them. We will continue to monitor both situations as they develop in the future, so be sure to look out for that!

Daily News | Make this holiday season a special one!

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Author: Max Rothstein

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