The Japanese Yen continues to gain ground against other major currencies, noticeably to the American Dollar, currently trading just above the 105 level, having dropped from highs of 109 at the beginning of the month. This is of course the result of heightened trade tensions between the US and China.
The Japanese currency is seen as a safe haven asset and is traditionally sought-after during times of increased uncertainty. We can therefore see the rise of the Yen as an indication that the markets are taking the threats posed to the future growth of the global economy, by an escalating trading conflict between the two global economic superpowers, very seriously indeed.
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.
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© 2019 High Leverage FX - All Rights Reserved.