The big FX news of the day must be the Yuan once again showing surprising strength, trading below 7 to the US Dollar during early Wednesday trading. This Yuan vitality is the result of improved market sentiment, driven by hopes that the trade talks between the US and China will deliver a phase one agreement this month.
Both sides have been softening the rhetoric; first the US made concessions in allowing American firms to supply Huawei with technology and now the People’s Bank of China appears to be joining in on the spirit of goodwill by setting the daily reference rate at 7.008. This was a little higher than expected and has boosted the recent resurgence of the Yuan.
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.