The US Dollar is currently trading at $1.1085 versus the Euro, shedding another 0.3% during early Monday trading after losses of more than 1.8% over the course of last week.
On Friday the Fed Chair indicated the central bank’s willingness to act as appropriate, which was interpreted by the markets as the sign of an imminent interest rate cut. Jerome Powell’s words came at the end of one of the worst weeks on record for stock markets across the globe, as investors started alienating positions, driven by fears that the coronavirus crisis will cause a global recession. The dollar losses reflect the pricing-in of an interest rate cut at the bank’s next meeting in mid-March, with some analysts even expecting it to be in the order of 50 basis points.
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.