Daily News | EU stops Chinese deal?

2017 is continuing with interesting market developments, and with our help you can easily stay on top of things. We’ve got you covered every day, with plenty of crucial data. This Wednesday, we decided to focus on the euro. From Monday to Tuesday, the currency rose from $1.0469 to $1.0487. This rise comes to us just as European Union regulators have extended the deadline for a decision on ChemChina’s buy of Swiss pesticides and seeds group Syngenta, extending it to April 12. The European Commission opened an in-depth investigation to make sure that both companies allay concerns over the deal. The deadline was extended by 10 days. We will continue to monitor this $43 billion deal in the future, but we also have to say a few words about the US dollar. In the same timeframe, the USD fell from €0.9551 to €0.9535. The currency is still edging towards 14-year highs, as US debt yields continued to climb, which gave it a lift against the safe-haven yen. In fact, the dollar index against a variety of major currencies’ .DXY rose by 0.1% at 103.30. For more news about these, and other, stories, be sure to follow us every day!

Daily News | Invest wisely!

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