Daily News | Japanese exports on the rise

We are once again at the start of another superb week in global binary options trading. There are plenty of great chances to make a tidy sum if you know where to look! We, of course, know just that, so stick with us! This Monday, we decided to focus on the Japanese yen. From Thursday to Friday, the currency rose from $0.00844 to $0.00849. This happened as Japanese exports improved greatly in November, readily beating economists’ expectations. The value of Japanese exports to China, the country’s largest trading partner, rose an annual 4.4%. In terms of volume, exports also rose in the same month. The weaker end of the year yen helped, but there was also genuine recovery in the sector. We will continue to monitor the situation, but let us now look at the US dollar. In the same period, the USD fell from €0.9640 to €0.9560. This means that investors took profits after it rose previous week to a 14-year high when compared to a currency basket. It did, however, remain propped against expected new US interest hikes in the year to follow. The expected rise of the interest rate is the event that fueled the dollar’s rise last week. For more news on these, and other, stories, follow us daily!

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Author: Max Rothstein

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