Daily News | European Central Bank raising rates?

Welcome once more to our daily news on the global binary options trading market! We are nearing the end of the trading week, but there are still great new opportunities for a profit, if you have all the data you need! We, of course, have this info, so let us jump right in! This Thursday, we look at the euro. From Tuesday to Wednesday, the currency rose from $1.0417 to $1.0477. This news comes to us as German economists urged the European Central Bank to raise interest rates. The demand came because Eurozone consumer prices grew faster than expected in December. The European Central Bank is aiming for an inflation level of just under 2%, but has undershot that target for years now. With a 1.1% rise in prices in the 19 countries sharing the euro, the Germans are worried over inflation. We will continue to monitor this situation, but let us now look at the US dollar. In the same period, the USD rose from €0.9599 to €0.9612. Although it did rise, it stepped away from its 14-year peak gains against a basket of other major currencies, as it had a sharp drop against the Chinese yuan earlier today. We will continue to monitor this situation as it develops, so be sure to follow us daily!

Daily News | Make the right decisions

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Author: Max Rothstein

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