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EBC Daily Snapshot Mar 26, 2024

EBC Forex Snapshot 26 Mar 2024 The dollar dropped on Tuesday, owing to profit-taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. With a relatively light economic data calendar for the week, FX volatility has been muted. The Canadian dollar hovered around its weakest level in more than three months against the dollar despite of oil rally. Canadian retail sales fell 0.3% in January from December, weighed down by lower goods prices and sales of motor vehicle and parts. The country’s factory sales rose 0.7% in February on a monthly basis. EBC Financial Risk Management 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 Risk Management or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-27 08:56:01 (GMT)

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