The US Dollar Index dropped 0.7% from yesterday’s highs following the Fed’s announcement of the 3rd rate cut of the year. Although the cut was widely expected and already priced into the value of the greenback, it was the manner of the announcement that disappointed the markets.
Many expected a hawkish cut, accompanied by firm reassurances that the Fed would now pause further easing of its monetary policy. However, the assurances were not firm enough and therefore investors are selling the Dollar, as the possibility of further cuts looms on the horizon.
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.