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EBC Daily Snapshot Apr 10, 2024

EBC Forex Snapshot 10 Apr 2024 The US dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the Canadian dollar firmed as renewed uncertainties in the Middle East helped oil prices snap their two straight days of losses. Speculators have raised their bearish bets on the currency to the highest since December, data from CFTC showed. The BOC is expected to signal rate cuts at the meeting this month. Hamas said that an Israeli proposal on a ceasefire in their war in Gaza did not meet the demands of Palestinian militant factions. Turkey said it would restrict exports of various products to Israel until there is a ceasefire. 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:

2024-04-10 09:10:19 (GMT)

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