The Dollar Index reached an eight-week high during early Wednesday trading. The greenback’s strength largely results from weakness elsewhere. Investors are dumping the Euro and the Pound as the virus seems once again to be out of control, with a new economic shock looming on the old continent’s horizon. At the same time, support offered by hawkish comments made by the Chicago Fed President, alluding to inefficiencies of quantitative easing and the possibility of raising interest rates before inflation averages 2%, also helped to increase the appeal of the Dollar.
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.