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EBC Daily Snapshot Mar 15, 2024

EBC Forex Snapshot 15 Mar 2024 The dollar was firm on Friday and set to snap a three-week losing streak as another hotter-than-expected inflation data stoked worries that the Fed could keep interest rates unchanged for longer than expected. The PPI for final demand increased rose 1.6% from a year earlier, the largest annual advance since September. Markets now price in 60% chance of rate cuts in June, according to the CME FedWatch tool. The yen was on course for its worst weekly performance since January. The BOJ will ditch its negative interest rate policy in April, according to just under two-thirds of economists polled by Reuters. EBC Group Social Responsibility 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 Group Social Responsibility or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-15 09:58:39 (GMT)

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