The Yuan gained more than 0.25% to the US Dollar, following the publication of positive Chinese inflation data and the return to work of millions of workers. The Lunar New Year holiday was extended in an effort to halt the spread of the coronavirus, which had a big economic impact in China, so it’s not surprising that a return to business as usual has helped to lift investor sentiment towards the Chinese currency.
However, the spreading of the virus appears to be far from contained within Wuhan and further yuan weakness can be expected should new major outbreaks of the disease arise in other large urban centres.
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.