Daily News | US protectionism causes problems

We are once again at the start of another great week in global binary options trading! It’s been quite an eventful weekend, and the markets certainly reflect that. Allow us to show you what to look out for. This Monday, we focus on the Japanese yen. From Thursday to Friday, the currency fell from $0.00871 to $0.00868. This happened as Japan is doing everything in its power to counter the moves made by the new US President Donald Trump. The country’s Prime Minister Shinzo Abe will be having a meeting witht the head of Toyota Motor Corp later in the week. Abe will also visit Washington early in February to talk with the President, where the American leader is expecting swift talks about a two-way trade deal with Japan. We will continue to monitor this situation in the future, which could be very interesting, especially given the new US protectionism on the rise. Speaking of US, let’s take a look at the US dollar. In the same timeframe, the USD fell from €0.9372 to €0.9352. This happened as Treasury yields declined on data showing the US economy growing more slowly than expected. The decline was most likely spurred by Trump’s protectionism when it comes to trade, especially since he instituted a temporary travel ban on people from seven Muslim-majority countries. We shall continue to monitor the situation in the future, so be sure to follow us daily!

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Author: Max Rothstein

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