The Yuan climbed to its highest level against the Dollar since July, hitting 6.8657 during the latter part of Monday’s session. The Chinese currency is drawing strength from what appears to be a smoother path ahead for the ongoing trade talks with the US; yesterday Washington dropped China from its list of currency manipulators, in what is seen as a gesture of goodwill ahead of tomorrow’s signature of the Phase One trade deal between the two economic giants. Trade data is also supporting the Chinese currency; figures published yesterday pointed at an overall growth in exports, signalling a more optimistic outlook and an end to the economic slowdown.
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.