The US Dollar appears to be steadier on Wednesday, following Tuesday’s steep decline. The greenback regained most of the ground lost yesterday. The US Dollar index, which measures the performance of the Dollar against a basket of other currencies, is currently trading around 98.16.
Photo by Kyle Ryan.
Yesterday’s losses took place as news started to emerge that the US Congress will launch an impeachment process against President Donald Trump, following reports that he broke the law when trying to gather compromising information about then potential Democrat presidential runner, Joe Biden. The markets appear to be apprehensive about this development, mainly because a cornered Donald Trump can be dangerous and increase the level of belligerence in the ongoing trade negotiations. It is expected that in such a scenario Donald Trump would come out all guns blazing, in what would be an effort to galvanise his core supporters and, at the same time, distract from any ongoing impeachment procedures, in order to minimise any negative impact on his re-election campaign.
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.