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EBC Daily Snapshot Apr 4, 2024

EBC Forex Snapshot 4 Apr 2024 The dollar traded below recent peaks on Thursday as investors waited on this week's US jobs report to guide the interest rate outlook. The Swiss franc dropped as nflation eased further. ISM said that its non-manufacturing PMI fell to 51.4 last month from 52.6 in February, the second straight monthly decline, weighing on the greenback which was the best performing G10 currency in Q1. CPI rose by 1% in Switzerland last month from a year ago, the slowest pace since Sep 2021 This came after the SNB unexpectedly cut interest rates in its last policy meeting. EBC Group Corporate 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 Group Corporate 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:

2024-04-04 08:46:00 (GMT)

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