Daily News | Wholesale inventories rise in the US

It’s already Wednesday and there is plenty of buzz going around the binary options market. There are many great trades to be made by experienced and new traders alike! Join us, as we look at the euro this Wednesday. From Monday to Tuesday, the currency fell from $1.09261 to $1.0883. This drop happened after the lull following Macron’s victory in the French elections, as chipmaker Broadcom is a shoe in to win the EU antitrust approval for its $5.5 billion bid for Brocade. This happened after they agreed to modest concessions in the latest deal in the chip sector. This sector has seen a real surge in recent years, with chipmakers scaling up, due to the growing market connected to devices and cars. We will continue to monitor this situation in the future, but let us now turn to the US dollar. In the same timeframe, the USD rose from €0.9152 to €0.9188. US wholesale inventories have increased this March, which has derailed governmental estimates of a modest dip. In fact, the Commerce Department said yesterday that wholesale inventories increased by 0.2%, after an increase of 0.3% in February. We will be monitoring this situation in the future, so stick with us!

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Author: Max Rothstein

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