The euro is on the backfoot as Europe’s Monday session gets underway with it down by more than 0.1% against both the Dollar and the Pound. Investors will be listening closely to Christine Lagarde’s speech later today.
The new head of the ECB has already given signs that her stance will be aligned with that of her predecessor, Mario Draghi. Ms Lagarde criticised Germany and the Netherlands, both countries with large budget surpluses, for not investing enough at a time of weak growth. These divisions within the European camp will not be beneficial for the single currency, which is already under strain from trade uncertainty and disappointing growth.
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.