FXStreet Selects Pedro da Costa as 2017 Forex Person of the Year

Every year, FXStreet awards the title of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Person of the Year to a selected individual. Today, FXStreet announced the winner of the award for 2017 - Pedro da Costa.

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The title is awarded for significant contributions to the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term industry. Pedro da Costa is a senior correspondent for Business Insider, mainly covering the activities of the Federal Reserve Bank and its effects on the US and global economic spectrum.

Over the past 15 years, Pedro da Costa has covered various aspects of economic news and events, pertaining to a myriad of topics, including economics, the Fed, other central banks, and even the US political space, which has recently been at the center of global news since the appointment of Donald Trump to the White House.

FXStreet decided on da Costa for “his analytical vision on finance and the USD currency.” It explained that he provides a thorough understanding of the agendas of central banks, as well as the intertwined connections between central bank policies and the political landscape.

Commenting to FXStreet, da Costa said: “I am honored by the FXStreet award. It’s hard to pay attention to Fed policy will all the political noise, but it remains a pivotal issue and it’s rewarding to see our coverage receive outside recognition.”

Path to the Award

Prior to his current position at Business Insider, da Costa worked as an editorial fellow at the Peterson Institute for International Economics (PIIE) for a period of 15 months.

He initially launched his career as a journalist back in 2001, when he joined Reuters News Agency as a news associate. He remained at Reuters until late 2013, gaining experience in covering financial markets, the Fed, and other aspects of economics.

He was able to move up the ranks at Reuters, becoming a markets correspondent in 2003 and holding the position for almost 6 and a half years. In 2009, he took on the role of Federal Reserve and Economics Correspondent, which he maintained for over 4 years until November of 2013.

After parting ways with Reuters News Agency, he took on a similar position at the Wall Street Journal, where he worked as a Federal Reserve and economics reporter. After nearly 2 years there he began working for PIIE, and eventually joined Business Insider in January of 2017.

Previous Winners of the Award

FXStreet has been awarding the title of FXStreet Forex Person of the Year since 2011.

The winner of the inaugural award was Finance Magnates founder and CEO Michael Greenberg, who received the honorable recognition for his groundbreaking work in the FX space.

Mr. Greenberg has been a pioneer for the FX industry, which had long been seen as secretive in nature, as many companies are privately held and operated and do not typically publicly divulge data and other relevant information. His creation of quarterly reports was seen as an important step in offering a source of information to industry participants.

Other winners on the list include (in chronological order): Andrey Pavlov and Ilya Holeu from Spotware Systems, Laith Marmarchi and Nicole Elliott from ForexTradingTV, Adam Button from ForexLive, Martin Armstrong, and Richard Olsen.