Daily News | Economy still recovering

Here we are yet again dear readers; it is the end of the global binary options trading market, at least, for this week. You might be thinking that there is no time to make a profit trading currencies, but you would be wrong! We have looked at the most pertinent changes in the global economy, so that you do not have to! Let’s start the day off with the euro. This currency rose in value from Wednesday to Thursday, from $1.1074 to $1.1092, a step in the right direction for the Eurozone’s currency and a reversal of its recent negative trend. However, political drama is rocking the EU, with many in Britain and the rest of the EU calling for the resignation of European Commission chief Jean-Claude Juncker. This lack of confidence in the leadership of the EU could have ramifications for its economy in the future, so watch out for future developments. Moving on, the US dollar fell in the same period, from €0.9029 to €0.9016. The Brexit vote is still a destabilizing factor for the US economy too, as the Federal Reserve is hesitant to increase interest rates for fear of losing US job gains. The Fed is also expected to drop the number of planned hikes in both 2017 and 2018. This caution could prove to be beneficial for the USD, so stay tuned to see if this plan pans out on the currency market.

Daily News | Surround yourself with experts

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Author: Max Rothstein

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