The Yuan is down more than 0.4% against the US dollar during the early part of Tuesday’s session, as fears grow over reports of a new SARS-like virus identified in China, causing pneumonia and transmittable from person to person. The reported impact of the virus is, so far, limited but the number of infected continues to grow, with 4 already confirmed dead. In a country recently affected by the worst ever epidemic of pig flu, which had a marked economic impact, the latest news triggered a mood of risk aversion in the markets, leaving the yuan under pressure.
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.