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EBC Daily Snapshot Mar 13, 2024

EBC Forex Snapshot 13 Mar 2024 The US dollar held steady against its major peers on Wednesday, as hotter-than-expected inflation left analysts wondering whether the Fed will have sufficient data to justify more than a couple of rate cuts all year. The yen firmed following its biggest loss in a month. The BOJ governor Kazuo Ueda said on Tuesday that the economy was recovering but also showing some signs of weakness. Expectations are for bumper pay raises, with a number of Japan's biggest companies already saying they had agreed to fully meet union demands for pay increases at annual wage negotiations. EBC Financial News Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Financial News or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-13 08:43:08 (GMT)

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