Yesterday the Dollar lost more than 1% to the Japanese Yen, reflecting the Fed’s emergency rate cut of half a point, as well as a flight to safety with investors seeking the haven of the Yen. Putting it into perspective, it’s the first time since 2008 at the peak of the financial crisis, that the American central bank has cut rates outside of a scheduled meeting. If investors weren’t scared, they will be now as the Fed’s move can be interpreted as preparation for increased challenges ahead and the negative prospects for economic growth of both the US and the rest of the world. The good news for the Dollar is that other central banks are likely to follow the lead of the Fed and announce stimulus measures soon, which will bring some relief for the greenback.
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.