Despite the increasing number of fatalities associated with the coronavirus, as well as concerns about the duration of economy-damaging travel bans, the Yuan continues to recover against the US Dollar and is on its third consecutive positive session during early Thursday trading.
The Yuan’s resilience may surprise some, but it is above all an illustration of how robust the positive sentiment in the markets is. While the economic impact of the measures put in place to contain the spread of the disease is severe, optimism won’t be shaken off, as investors look the other way and focus on the positives. Today’s positivity is the continued easing in trade tensions, after China announced the cutting of tariffs on a significant volume of US imports.
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.