Daily News | EU sours relations with China

Here it is, folks. We are at the end of the global binary options trading week. There are only a few short hours left for you to invest your funds wisely in a lucrative trade on the currency market. Moreover, lucky for you, we have all the data you need to do it! This Friday, we focus on the euro. From Wednesday to Thursday, the currency fell from $1.1115 to $1.1072. This could have happened due to fears that remarks made by a German conservative politician could sour relationships with China. The EU issued a formal apology, as the two blocs have had a fraught relationship. The EU has continually accused China of offloading cheap products that harm European industry and of abusing human rights. They also want to have more access to Chinese markets, which will not be helped with senior officials causing offence. We will continue to look into this, but let us take a closer look now at the US dollar.  In the same timeframe, the USD rose from €0.8996 to €0.9022. Other economic news was not as rosy, however, with the number of people filing for unemployment rising to three-month highs. The US central bank should make a move to increase interest rates in December, but we will have to wait until the elections are over to see if this comes to pass.

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Author: Max Rothstein

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