Daily News | Fed President speaks

It is the middle of the of the global binary options trading week, and the news just keeps on coming in, giving us the opportunity to show you the most important market data out there. And there certainly are a lot of interesting things to cover. In the period from Monday to Tuesday, the euro fell from $1.1179 to $1.1151. However, on the whole, reports indicate that Eurozone did not experience any major cases of inflation in August. This was against expectations of a slight rise, as pretty much all goods and services rose less than in July. Even core inflation remained unchanged at 0.8%. We will continue to monitor the euro’s standing in the months to come, but now me move on to the US dollar. In that same time period, the USD rose slightly, from €0.8967 to €0.8971, despite claims by the Fed President Charles Evans’ remarks. He is increasingly convinced that the US economic growth has slowed permanently, which would keep interest rates high for a long time. He is embracing the stagnation theory proposed by Harvard Professor Larry Summers, a bad sign for the US economy, whether it be true or false. We will see will this negative attitude of the man in charge of Fed affect the currency in the days to come.

Daily News | What to expect from the market?

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Author: Max Rothstein

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