Daily News | Germany foots the bill

It is the beginning of another great week in global binary options trading! Join us, as we look at the most important news items of the day, so that you don’t have to waste precious time! This Monday, we focus on the euro and the US dollar. From Thursday to Friday, the euro fell from $1.1255 to $1.1215. This was in large part due to the aftereffects of the Brexit referendum. Germany can increase its EU budget bill may very well rise by over 4.5 billion euros as a direct cause of it, according to an internal Finance Ministry report that was published this weekend. This would make Germany account for nearly a quarter of the EU’s annual GDP.
Now, let us take a closer look at the USD. In the same time period, it rose from €0.8884 to €0.8916. This could have come about as a reaction to a rare run of outperformance by bank shares in the States. The S&P 500’s bank index is up by almost 9% in the third quarter, with low interest rates dragging on bank profits. Modest increase in borrowing costs could hopefully provide welcome relief, but we will just have to wait and see for that. For more on these news items and more, be sure to check out our website daily!

Daily News | Which one is the broker for you?

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Author: Max Rothstein

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