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EBC Daily Snapshot Apr 15, 2024

EBC Forex Snapshot 15 Apr 2024 The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of high interest rates lent support. The euro recorded its biggest weekly percentage drop since late Sep 2022 last week while sterling had its largest weekly percentage drop since mid-July. The Swiss franc rallied though due to its safe-haven status. The findings from the ECB Survey of Professional Forecasters showed on Friday that all inflation forecasts across the time horizons are left unchanged. Inflation is seen at 2.4% in the eurozonethis year. EBC Online Trading Support 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 Online Trading Support or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-04-15 10:48:06 (GMT)

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