The Dollar continues to lose ground to other major currencies, during early Friday trading. The US Dollar index declined by more than 1.3% this week, a sign of weakness that can be explained by two main factors: The prevalence of a risk-on stance in the financial markets, fuelled by positive news arising from Europe and progress being made in the quest to produce a vaccine for COVID-19, that diminishes the safe haven allure that supported the greenback during some of the darker times of the pandemic; The second factor, contrasting with other countries that appear to have managed the situation better, is the deteriorating health crisis in the US, forcing a reversal in some states that had reopened for business and casting doubts over the country’s ability to drive a speedy economic recovery.
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.
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© 2019 High Leverage FX - All Rights Reserved.