The US dollar is showing weakness in the aftermath of President Trump’s impeachment. The Dollar Index is down by 0.1% this Thursday, following the vote by the House of Representatives to impeach Donald Trump, who must now face trial by the Senate. It is very unlikely that the Republican-dominated chamber will vote to oust the President, however the loss of political capital ahead of the 2020 election contest may prove meaningful.
Elsewhere, the big news came from Sweden, where the Riksbank raised interest rates to zero, bringing an end to several years in negative territory. Despite this change the Swedish krona’s reaction was feeble, probably because the news was widely expected, and the Scandinavian currency had already gained 2% against the euro over the last month.
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.