The risk-on attitude that characterized currency markets over the last months, supporting gains for risk-related currencies and penalising the safe haven dollar, appears to have lost some steam. The approval of the $1.9 trillion stimulus package proposed by President Biden may not be as straightforward as some thought, as several Republican lawmakers expressed reservations over the size and long-term consequences of the proposed plan. At the same time, the coronavirus is far from under control, hindering the pace and timing of the recovery which may be slower than many anticipated. Against this background it is not surprising to see, even if it is just momentarily, the US dollar once again on the front foot.
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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.