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EBC Daily Snapshot Mar 28, 2024

EBC Forex Snapshot 28 Mar 2024 The dollar consolidated on Thursday as Fed governor Chris Waller said that he is in no hurry to cut interest rates after hotter inflation data played out in the first two months of the year. Market expectations for the first rate cut in June have eased somewhat. Current pricing has it at a 60% chance, according to the CME FedWatch tool. The focus will shift to a key inflation report due tomorrow. The euro was largely unchanged around its one-month low. Five of Germany's economic research institutes slash GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports. 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 or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-28 11:09:57 (GMT)

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