The tensions between the US and China have once again risen to the top of investors’ concerns and the Dollar is benefiting during early Monday trading, rising 0.5% in relation to a basket of other major currencies. The Dollar’s strength results from higher demand for safe havens, due to a deterioration in the Sino-American relationship after a White House official threatened to impose sanctions in response to the new security law that China plans to deploy in Hong Kong. In such a scenario it’s not surprising to see the increase in demand for refuge assets, because the return of the trade conflict between the world’s two largest economies would not be good news for a global economy already battered by the coronavirus crisis.
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.