Daily News | US factory output declines

Another week of global binary options trading is drawing to a close, but there is still enough time for you to squeeze in some quality trades on the currency market if you are free. You do not have to worry about researching every little bit of information that comes your way because we have the most important data out there! This Friday, we took a look at the British pound sterling. From Wednesday to Thursday, the currency fell from $1.2805 to $1.2748. Shares on British markets did not fare well, especially as mining stocks were driven down by a stronger dollar, which extended losses, especially as new data showed that British consumers were feeling the hit of inflation rising. We will continue to monitor British woes next week as well, but let us now turn to the US dollar. In the same period, the USD rose from €0.8868 to €0.8971. In spite of this, new reports show that US factory output fell in May with a broad decline in production. This includes the manufacturing of cars, which has once again cast doubt on the economic rebound from the slow start of the year. We will continue to monitor the factory output in the weeks to come, so stick with us!

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Author: Max Rothstein

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