The dollar is strengthening, gaining ground against traditional safe haven currencies to be up by around 0.25% against both the Japanese yen and the Swiss franc.
Photo by Hong Jiang.
This market dynamic is inspired by renewed hopes of a phase one deal between China and the US being put in place this month. Trade tensions between the two economic giants pose the greatest threat to the growth of the global economy and any good news on that front will support risk linked currencies, to the detriment of traditional refuge assets like the Japanese yen or the Swiss franc.
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.