Daily News | Inflation in Europe?

Once again, we are at the end of a global binary options trading week. However, there is no need to worry, as the news we have for you today could very well prove beneficial for any and all trading on the currency market. We start this Friday with the euro. From Wednesday to Thursday, the currency rose from $1.1261 to $1.1317, although the news cycle would suggest that a downturn is in store in the future. Data has shown that the Eurozone had a modest uptick in inflation in July, with food prices surging over the year. In fact, the annual rate remains short of the European Central Bank’s target of just below 2%. Core inflation, however, remained unchanged from July. The data seems to be mixed with regard to the currency sector, so stay on the lookout for any sudden changes to yesterday’s uptick. As for the US dollar, it fell from €0.888 to €0.8836 in the same time period. This is in line from the news coming in from the minutes of the Federal Reserve Bank. Policymakers were divided over whether they should raise interest rates in the near future. This was positive for global stocks, but not so much for the USD. We will just have to see if this restrained policy will continue in the weeks to come.

Daily News | Get a reliable patner

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Author: Max Rothstein

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