Daily News | Historic agreement between Japan and the EU

The final day of another trading week is upon us, but you still have loads of opportunities out there. All traders willing to set off into the unknown, will get the help of our look at the currency market, of course! Join us this Friday as we look at the Japanese yen. From Wednesday to Thursday, the yen dropped from $0.00883 to $0.00882. The biggest news yesterday was that Japan and the European Union agreed on a historic free trade pact, the biggest open economic zone in the world. This is a clear sign that their erstwhile ally, the United States, is clearly in the doghouse because of President Donald Trump’s protectionist policies. This was done on the eve of Trump visiting a summit in Hamburg, a clear backlash against the president. Japanese Prime Minister Abe concluded that this historic agreement was a strong message to the world. As far as the euro is concerned, in the same period it rose from $1.1334 to $1.1421. President of the executive European Commission Juncker alleviated any fears that further negotiations would be a problem, saying that the agreement would most likely take effect in early 2019. We will continue to monitor these developments next week, so stick with us!

Daily News | See how much you need to start trading

To make the most of the few short hours left on the currency market this week, remember to take a look at the broker ZoomTrader. In our ZoomTrader Minimum Deposit article, we discuss everything you need to know about the initial deposit you would have to make to start trading with the company. It is 250 USD, GBP or EUR, depending on your place of residence. If you live in countries where these currencies are not the official ones, do not worry, as you would be free to use any of them. For more information, be sure to check out our full article!


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Author: Max Rothstein

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