The Dollar is showing some weakness during early Monday trading, following a weekend dominated by speculation over the health of the US President with the latest reports pointing at an improvement in Donald Trump’s condition and the possibility of a hospital discharge later today.
Once again the currency traders pivoted around the greenback’s safe-haven role, buying dollar-denominated assets at times of greater uncertainty, as happened on Friday after news of the President’s positive COVID test first emerged creating an added degree of risk for the economy with the implications such a scenario could have in terms of a potential power vacuum and on the electoral process. Conversely, as the President’s health appears to be improving, risk appetite increases, and investors feel less compelled to seek the safety of dollar-denominated 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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.