Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Euro grows due to data from Germany, dollar falls after negotiations between the United States and China


August, 25 2020
watermark Economic news

The euro is showing growth after the publication of strong statistics from Germany, while the dollar, on the contrary, fell after a successful telephone conversation between the US and China.


According to the Ifo Institute, the German business climate index rose to 92.6 points in August from the revised 90.4 points a month earlier. As a result, the European currency rose to the level of 1.1840.


Today it also became known about the successful negotiations between Washington and Beijing. Both sides reaffirmed their commitment to the first phase of the Sino-US trade deal, despite China falling behind on its commitments to purchase US goods.


Investor sentiment and appetite for risky assets have also improved amid news of the possibility of rapid approval of a coronavirus vaccine being developed by AstraZeneca and the University of Oxford.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.