Daily News | European economy in trouble?

This week in global binary options trading is drawing to a close, but there is still more than enough time for you to make the most of your time on it! We have all the most crucial data from the market, which is why we will focus on the euro. From Tuesday to Wednesday, the currency fell from $1.0808 to $1.0796. It seems that European economy could be in trouble because its shares are nearing the biggest lows in two weeks. Furthermore, the pan-European STOXX 600 index fell by 0.8%, as many economists worried that Donald Trump would not deliver on his plans for reflationary policies. The mining and banking sectors took a hit as well. Dutch ING Groep was one of the biggest losers yesterday. We will continue to look at the European economy, but let us now look at the US dollar. In the same period, the USD rose from €0.9251 to €0.9264. This happened despite investors wondering whether President Trump would have the wherewithal to push new economic policies if he could not do the same for a healthcare bill. Stocks fell early in the day, but did move higher later on. We will continue our coverage tomorrow as well, so stick around!

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Author: Max Rothstein

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