The Dollar bounced back against other major currencies following political statements from the White House that showed a willingness to act, through concerted economic policies, to mitigate the fallout from the coronavirus crisis.
The focus of the markets is very unlikely to divert from the virus’ impact on the public health and economic prospects of several countries, including of course Italy, but also, and crucially, the United States, where some suspect the numbers of infected may be much higher than the figures published so far indicate. Some of yesterday’s anxiety was driven by the fear of seeing the US finding itself in a situation similar to that already witnessed in China and Italy.
Photo by CDC.
The next few days will determine if today’s rebound in the market is to continue, or if it is not more than the proverbial ‘dead cat bounce’.
Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.