Daily News | Greenback slipping?

We have only just started this week in global binary options trading, but there is plenty of news to sink your teeth in, if you know where to look. We have of course done the looking for you, so that you can concentrate purely on trading. Kicking off this Tuesday, we start with the euro. From Friday to Monday, the currency rose from $1.0985 to $1.0997. This boost occurred as Eurozone banks are gearing up to tighten access to corporate credit for the first time in the last two years. Negative interest rates seem to be eating away at their profits, as a European Central Bank survey showed today. The banks stopped easing credit standards for enterprises three months before September and they are expected to tighten them in the next quarter, again, according to the survey conducted by the ECB. Let us now turn to the US dollar. In the same period, the greenback fell from €0.9102 to €0.9092. It seems that the currency took a breather, edging away from seven-month highs, as investors took a closer look at US interest rate expectations. They are a key focus on the market, as a December rate hike is still likely to affect the greenback. For more news, be sure to follow us daily!

Daily News | Where to turn if you need a partner?

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Author: Max Rothstein

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