The US Dollar continues to lose ground to other major currencies, having lost more than 1.4% against the Euro so far this month. The Greenback depreciation can be explained mainly by concerns over the escalation of trade tensions between the US and China and how the Federal Reserve may react; it is increasingly likely that the next movement will be a cut, which may arrive as early as July.
Many observers point to the fact that pressure is building up and the Fed may have no alternative but to cut rates, amidst a perfect storm of heightened trade tensions, a weak jobs report, anaemic inflation and political pressure from President Trump. In the meantime, the markets are pricing it all in and that is why the US Dollar is likely to continue on the current downwards trend.
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.