The Dollar is down against the Euro, the Yen and the Pound during early Thursday trading, as investors await the publication of the initial jobless claim numbers in the United States with some anxiety. It is widely expected that these numbers will be extremely high, potentially the worst in many decades due to the abrupt economic slowdown caused by the measures to contain the spread of the coronavirus. At the same time the number of new Covid-19 cases in the US is spiking, further weighing the greenback down. It is interesting to note that the Dollar’s weakness is occurring despite the White House and Congress having reached an agreement on an economic aid package worth $2 trillion, reinforcing the idea that during these interesting times the virus is setting the agenda, not policy makers.
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.