Daily News | Strong growth in France

We are currently in the middle of the global binary options trading week, which means that you have a wide range of great trading opportunities in front of you! We look at the most important news items of this Wednesday, so that you do not have to. Once again we will begin the article by taking a look at the euro. From Monday to Tuesday, this currency rose from $1.1314 to $1.1339. This is supported by the economic data, especially the strong growth shown by the economy of France this August. However, it seems that factories could face a tougher September, as shown by surveys on Tuesday. But the good news is that the economic fallout of the Brexit referendum of last June seems to be confined largely to Britain, which could help the Eurozone stay afloat. Therefore, France is the story of the day today.
As for the US dollar, it seems to have experienced a slight slump in the same period, from €0.8837 to €0.8819, which could be attributed to the sluggishness of the Federal Reserve and their lack of unity regarding reforms and an action plan. The USD index fell about 1.3% last week, because of these mixed signals being sent by Fed officials. Hopefully, with a new and concrete plan of action, the USD could see growth in the future.

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Author: Max Rothstein

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