The Euro is up by over 0.15% against the US dollar following the publication of Germany’s Q3 GDP data, which showed quarter-on-quarter growth of 0.1%. This is good news for the single currency.
Photo by Davidcohen.
The markets were braced for bad news, as many investors expected the figures to show a contraction of the German economy for the second quarter in a row, which would have meant that technically the country would be in a recession. Today’s euro gains reflect the pricing-in of a little more optimism about the short to medium term outlook for the area’s largest economy.
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.