Daily News | German finance minister ready to cut taxes

We are at the start of this week in global binary options trading, with plenty of interesting developments happening on the currency market, many of which might be of great use to you and your bottom line! Join us this Monday as we take a special look at the euro. From Thursday to Friday, the currency fell from $1.1423 to $1.1411. German Finance Minister Wolfgang Schaeuble said that there was room to cut taxes by more than the previously announced 15 billion euros after the general elections in September. These would be more significant than the fight the Christian Democrats are having regarding the country’s clandestine tax increases, so we’ll see how everything plays out. What is characteristic for Germany is that the country doesn’t adjust tax brackets to keep up with the inflation, which makes this news extra important. We will keep monitoring what else the German Finance Minister will come up with, but now we have to move on – US dollar is up next and it rose from €0.8754 to €0.8762. Investors in the States, however, expect that European and emerging market equities will rise further, because of expected economic growth and policies by central banks that are stimulating such changes. We will of course continue to look into both stories in the future, so be sure to stick with us!

Daily News | Fully explore this broker’s offer

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Author: Max Rothstein

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