Daily News | North Korea drops the bomb

Here we have it folks, we are reaching the end of another global binary options trading week today, but fear not, as we have compiled the most interesting news stories of the day. This Friday, we take a closer look at the Japanese yen. All in all, the currency remained consistent, remaining level from Wednesday to Thursday, at $0.0098. Japan’s Nikkei .N225 had a flat day yesterday, although it did remain at a 0.2% high for the week. This is surprisingly good news, as markets were rocked by a nuclear test in North Korea, with the dictatorship claiming it possessed the ability to mount a warhead on a ballistic missile. This was the country’s fifth and most powerful nuclear test, and the heightened fears raised on a geopolitical level will not be good for the world economy. As for the US dollar, it slipped on the currency market, from €0.8897 to €0.8888 in the same period. Here, the influence of the test in North Korea cannot be overstated. The dollar seemed to be losing momentum, as the Federal Reserve is still under scrutiny from economic analysts waiting for the rise in interest rates. Nonfarm payrolls were also disappointing this week, which led to this big dip. We will continue to follow this story as it develops.

Daily News | Get reliable support

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Author: Max Rothstein

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