Daily News | Market backlash causing problems in Europe

Welcome yet again to another exciting day of global binary options trading. Join us as we look at everything the currency markets have to offer us today! We have picked the best possible news items out there that could net you a tidy sum! This Tuesday, we decided to focus on the euro. From Friday to Monday, the currency fell from $1.1411 to $1.1363. Some European Central Bank policymakers have been spooked by market backlash and are starting to doubt their easy money policy. In fact, six central bank officials from across the Eurozone showed this fear quite palpably, especially seeing the rise in the euro in recent days and government bond yields. Some rate setters are pushing to bring inflation back to its target of just under 2%, as they are wary of stifling the economic recovery. We will continue to look for more consequences of this market backlash, but let’s move on now. At the same time, the USD rose from €0.8762 to €0.8798. It seems that the economy of the States are expanding at 3% annualized pace in the second quarter, at least based on data from manufacturing activity and construction spending, which is actually higher than 2.7%. We will continue to monitor the markets tomorrow, so stick with us!

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Author: Max Rothstein

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