The US Dollar Index, currently just above the 96 mark, hit a 3-month low on Thursday, in the aftermath of the Fed’s previous day announcement. Most notably, the American central bank dropped the word ‘patient’ from their policy language and marked the intention to “act as appropriate, to sustain the expansion”. In central bank talk this means: ‘Get ready, a rate cut is coming’.
Instability arising from trade tensions and inflation below the symmetric target of 2%, were the reasons used to justify this increased dovishness. The North American central bank appears to be totally committed to engineering a soft landing for the US economy, and few will be surprised by a rate cut, that may arrive as early as July.
Photo by Nosiuol.
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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