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EBC Daily Snapshot Mar 12, 2024

EBC Forex Snapshot 12 Apr 2024 The dollar rose moderately on Friday as weaker-than-expected March US PPI did not relieve concerns that the Fed will delay loosening this year. There were 211,000 initial jobless claims for the week ended April 6, compared with a forecast for 215,000. Traders have priced in a roughly 69% chance of policy pivot in September, the CME's FedWatch tool showed. The euro was eyeing its sharpest weekly fall in about four months after the ECB kept interest rates unchanged and sent the clearest signal so far that it was ready to cut interest rates. 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:

2024-04-12 09:35:43 (GMT)

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