The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The dollar was at a level of almost three weeks high on Tuesday, investors are attracted by the relative safety of the US currency after the International Monetary Fund reduced its forecasts for the global economy in 2019 and 2020.
However, despite the confident start of the year, there is a reason to believe that the dollar may be overvalued against the background of weaker competitors, and if the European Central Bank signals a hardening of monetary policy, the situation may change dramatically. In addition, the dollar may also be under pressure due to problems associated with the closure of the US government, which is already beginning to put pressure on domestic growth. Morgan Stanley expects the US economy to grow in the first quarter is likely to fall below their forecast - 2.2 percent year on year, which is about half as much as 4.2 percent in 2018. The IMF has reduced its growth forecasts for 2019 and 2020 due to weakness in Europe and in some emerging markets. He also said that the inability to resolve trade conflicts could further destabilize the world economy.
While the dollar feels very good. External factors that have a direct impact on the foreign exchange market are currently very unstable. It is difficult to predict how the next round of negotiations between the US and China will end, will it be a reason for a summit meeting and how will it be? How will consumers and producers in Europe, especially exporters, behave? What will show data on corporate profits in the US? Too many questions and the answer to each of them can cause the dollar to fall.
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