Daily News | Volkswagen seeks settlement

A new trading week is about to start, and boy do we have a ton of news to go through with you today! Join us as we look at the data that will play a major role in how you invest your money in the next few days. This Monday, we talk about the euro. This currency fell from $1.1335 to $1.1326 from Thursday to Friday past week, indicating that trouble was brewing in the Eurozone. Take, for instance, the plight of the Volkswagen. Production has been halted for the company, as it seeks to negotiate a settlement with suppliers that are in a dispute over contracts. With the company also reportedly cutting work hours and reducing output at two German sites, the question is, how will it affect the currency further? Given the importance Volkswagen has for the German economy, this needs to get sorted out as soon as possible.
As for the US dollar, it experienced a slight bump in the same time period, from €0.8821 to €0.8828, which could have something to do with the Federal Reserve being close to its goals. Full employment and a 2% inflation rate seem to be close at hand for the US economy. Yet, some info says that the pace of job growth was slower than the previous year, although it was sufficient. Stay tuned for more news from the market in the days to come!

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Author: Max Rothstein

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