Daily News | Italy asks for help from the ECB

We are nearing the end of the global binary options trading week, but that should not stop you from making the most lucrative trades you can today on the currency market! Join us as we write about the most pertinent data of the day, starting with the euro. From Tuesday to Wednesday, the currency rose from $1.0720 to $1.0759. The ripples of the resignation of the Prime Minister of Italy Matteo Renzi are still being felt by the country, however. Banca Monte dei Paschi di Siena has thus asked the European Central Bank to extend a deadline for completing its rescue plan. Sources say that the ECB’s supervisory board will be meeting today to discuss this issue. We will continue to monitor this story to find out the outcome, but let’s now go from Italy to the US. In the same period, the USD fell from €0.9327 to €0.9294. This might have happened, due to President-elect Donald Trump saying that he would bring down drug prices, which led to the fall of shares of US pharmaceutical and biotechnology companies. He did not specify how he would go about doing that. On Tuesday, he also took aim at aerospace company Boeing. We will just have to wait and see how the President-elect’s comments will shape the market in the future.

Daily News | Get some helpful hints

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