The US dollar is losing ground to other major currencies during the early part of Wednesday’s session. The greenback is under renewed pressure as the results of the runoff US Senate elections in Georgia appear to be swinging towards the two Democrat candidates. Should the Republican party lose the two seats, it will also lose the Senate majority and the capability to systematically block President-elect Joe Biden’s planned comprehensive stimulus programs and general legislative agenda. In such a scenario, the dollar decline can be interpreted as a sign that the markets see a Democrat-controlled Senate as favourable for the global economic recovery, which in turn will favour the flight from the safe haven greenback and lead to investments in riskier assets.
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.