The Euro continues to strengthen against other currencies, including the Dollar and the Yen, which have been two of the most sought-after safe havens during the coronavirus crisis. The single currency’s weekly gains versus the greenback are touching 1.3% during early Wednesday trading, as investors see some light at the end of the tunnel for a monetary union that has been tested during the COVID-19 pandemic.
After weeks of disagreement and bickering between member states, it appears that the Franco German proposal, for a common recovery fund that will be shared under the EU budget, may be gaining traction and could be the seed for some future form of fiscal solidarity in Europe. Such an arrangement is seen by many as fundamental for the long-term survival of the Euro.
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.