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US Dollar continues to lose; Markets in risk-off mood

Ricardo Evangelista by Ricardo Evangelista
June 14, 2019
in Forex, Markets, Opinion
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The US Dollar continues to lose appeal to many investors, as a tension packed weekend looms. The confrontational rhetoric is increasing and so are the chances that the next step may lead to an escalation, in the dispute between the US and China.

The general mood in the markets is risk-off, which this time also appears to be extending to the Greenback as investors listen to voices pointing to potential damage to the US economy.  A letter to President Trump, signed by hundreds of corporations, urged caution in the imposing of tariffs on Chinese imports as these can potentially harm American businesses and consumers. 

Photo by Jose Moreno.

Tags: tariffUS dollarUS-China Trade War
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Ricardo Evangelista

Ricardo Evangelista

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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