The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The safe-haven Swiss franc strengthened against other major currencies in the European session on Monday, as European stock markets traded lower after reports suggested the European Union is gearing up to impose retaliatory tariffs on the United States.
It is feared that U.S. President Trump's proposed massive tariffs and retaliatory actions against the U.S. tariffs could potentially lead to a global economic recession in 2025.
The European Union is likely to join Canada and China against Trump's tariffs. "We will react in areas where it hurts the United States," a senior EU official said.
As per Reuters, countries like Japan, Mexico, South Korea, and India are seeking concessions from the U.S. rather than retaliating.
The safe-haven franc held steady against its major rivals in the Asian session today.
In the European trading today, the Swiss franc rose to nearly a 3-1/2-month high of 0.9314 against the euro and an 8-month high of 1.0901 against the pound, from early lows of 0.9390 and 1.1045, respectively. If the franc extends its uptrend, it is likely to find resistance around 0.91 against the euro and 1.07 against the pound.
Against the U.S. dollar and the yen, the franc advanced to more than a 6-month high of 0.8452 and nearly a 2-month high of 172.10 from early lows of 0.8584 and 170.41, respectively. The franc may test resistance around 0.83 against the greenback and 177.00 against the yen.
Looking ahead, U.S. Consumer Credit Change for February, U.S. Consumer Board's Employment Trends Index for March and Canada Leading Index for March are due to be released in the New York session.
