Foreign Exchange

Pablo Soria de Lachica Attributes Uncertainties in the Global Economy Caused to Trump’s Victory

The election of Donald Trump as U.S. president creates new uncertainties for the global economy at a time when growth is already fragile, and overseas markets are reacting accordingly. Due to fear of Trump’s promised protectionist approach to trade and “America-first” policies, the day following the election the Nikkei index in Japan fell more than 900 points, The Philippine Stock Exchange sank to a 7-month low, and billions were wiped from Australian Security Exchanges. Foreign exchange expert Pablo Soria de Lachica discusses these early consequences of Trump’s proposed policies, and the long-term impact his actions will have on economies outside of USA. Following a campaign marked by fiery anti-foreign rhetoric, radical promises and shifting positions on key issues, many are uncertain about the direction in which President Elect Trump will take the world’s largest economy and consumer market. As a…


Pablo Soria de Lachica – Explica los beneficios para Uruguay de las recientes elecciones en Argentina

Pablo Soria de Lachica – Explains Benefits to Uruguay from Recent Argentine Elections

The first runoff voting in history in an Argentine presidential election led to Mauricio Macri being named the new president of Argentina. In a runoff vote, neither party wins by a large enough margin for victory, which leads to a second vote to determine the winner. A proponent of making big changes to the country’s economic system, this election result will have a big impact on surrounding countries and their economies. Leading foreign exchange expert Pablo Soria de Lachica offers insight into how this election will benefit Uruguay, the economy and its citizens. Macri is the first non-radical or Peronist president to be democratically elected since 1916, defeating the Front For Victory party. In a close race that required a second ballot, Macri took slightly more than half of the vote to win the election. During his campaign, he promised…