The Dollar is on the backfoot against the Yen during the early part of Monday’s session, with the Japanese currency gaining almost 0.8% to the greenback. Considering the recent dynamic for this pair, the Yen’s gains are remarkable. The Dollar has been on a winning streak since the 10th of March, amassing gains of about 8.5% against the Yen until the start of today’s session. The halting of the greenback’s gallop is, at least partially, the result of a coordinated move by the Fed and several other central banks around the globe to increase the liquidity of the American currency. Many of the recent Dollar gains came from the difficulties many international businesses felt in finding sufficient quantities of the currency for payments, which was obviously pushing up the Dollar’s value.
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.