The Greenback keeps losing ground against other major currencies and currently the Dollar Index is trading around the 96.7 level, down from a weeks’ high of 97.08.
This performance falls within the general trend for the American currency to slowly but steadily devalue against other major currencies. This dynamic is explained by the impeding start of a new easing cycle by the Federal Reserve. Many observers now expect 3 rate cuts of 25 basis points each by the end of 2019, with the first arriving at the end of July.
Photo by Fernado Aguilar.
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.