The Dollar is losing ground to other currencies, as risk appetite continues to strengthen in financial markets during early Tuesday trading. A cocktail of positive news has lifted the spirits of investors. Encouraging vaccine-related reports show an increasingly clear path back to normality, while political uncertainty in Washington is unwinding as a growing number of key figures now accept that Joe Biden will indeed be the next US president. Topping up the current optimism, the President-elect lined up Janet Yellen, the former Chair of the Federal Reserve, to be the next Treasury Secretary. This move creates the prospect of greater harmony between the two institutions and is conducive to guaranteeing the coordination of fiscal and monetary stimulus, conditions which are likely to lead to further Dollar weakness.
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.