Following 3 consecutive days of losses, the Euro is once again down during early Friday trading, by about 0.16% against the US Dollar. The single currency broke the $1.11 level and the risk is still to the downside, following declarations yesterday by Olli Rehn, one of the leading figures in the European Central Bank governing council.
Mr Rehn indicated that the ECB will more than likely adopt new stimulus measures, when it meets in September, also stating that it is preferable to do too much than not enough. With Germany threatening a recession and a political storm brewing in Italy, the ECB is pledging to act as necessary to keep the Eurozone economy on the right track and this may mean more losses for 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.
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© 2019 High Leverage FX - All Rights Reserved.