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EBC Daily Snapshot Mar 18, 2024

EBC Forex Snapshot 18 Mar 2024 The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the BOJ seemingly on the brink of ending negative rates. Internal preparations for an exit have been in the works since Kazuo Ueda took office as BOJ governor in April last year, and were mostly done by year-end, sources familiar told Reuters. There is still a possibility that the central bank may opt to act until the April meeting. The Asian currency has had a whirlwind past few weeks, weakening to 150.88 last month. 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:

2024-03-18 10:33:44 (GMT)

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