As risk aversion once again takes over, the Dollar reverts to be the safe haven of choice for many investors, with the index that measures the performance of the greenback up by more than 0.6% during early Wednesday trading.
The mood in the markets became gloomy following the publication of a report from the IMF predicting a contraction of 3% for the global economy in 2020, the worst economic downturn since the great depression of the 1930s. As the realisation sinks in that a recession of epic proportions is coming, investors are once again seeking refuge in the US Dollar, especially as it isn’t yet clear when and how a return to normality will happen with many vital questions about our ability to deal with the virus remaining unanswered.
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.