The Dollar index hedged lower during early Friday trading, after hitting a two-month high on Thursday. Despite this morning’s losses, resulting from a feeble increase in risk appetite that followed reports that a $2.2 trillion fiscal package could be voted next week in the US Congress, the greenback’s short-term performance is likely to remain to the upside. With an economic recovery unfolding at a slower pace than forecast, political partisanship in Washington holding back the release of a much needed fiscal stimulus package and yesterday’s refusal by President Trump, to commit to a peaceful transfer of power, the uncertainty is likely to, in the short-term, reinforce the safe-haven appeal of the Dollar.
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.