Daily News | Fed ready for changes

We are nearing the end of the global binary options trading week. Which means you do not have a lot of time to make some trades on the currency market! We have compiled data on the most pertinent news items of the day so that you have more time for trading! Today, we will start our analysis by examining the euro. On Wednesday, the currency fell from $1.0616 to $1.0556. This did not stop German economists from reporting that the country’s economy was unaffected by Donald Trump’s presidential victory. Furthermore, they added that the Ifo’s business climate index suggested that the economy would expand to 0.5% in the fourth quarter. We will continue to monitor the state of European economies, but let us now the state of the US dollar. At the same time, the USD rose from €0.9419 to €0.9473. Policymakers from the Federal Reserve were confident that the economy was strengthening enough to warrant interest rate increases. Because of that, the consensus view on Wall Street is that the Fed will raise rates in December. The Fed saw equal risks the economy would overshoot or undershoot their forecasts. We will continue to monitor this situation in the future, so remember to follow us daily!

Daily News | Access your money easily

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Author: Max Rothstein

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