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EBC Daily Snapshot Apr 8, 2024

EBC Forex Snapshot 8 Apr 2024 The dollar was tentative on Tuesday as investors digested US payroll data. The yen dipped to near 34-year lows, with the market on alert for any potential action from Japanese authorities to support the currency. Treasury yields have climbed as traders pare back bets on the pace and scale of Fed rate cuts expected later this year, with the two-year yield hitting a more than four-month high of 4.8010%. BOJ Governor Kazuo Ueda said the central bank must consider whittling down stimulus further if inflation continues to accelerate, signalling the chance of another rate hike later this year in line with market bets. EBC Asset Allocation Services 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 Asset Allocation Services or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-04-09 08:25:00 (GMT)

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