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EBC Daily Snapshot Apr 18, 2024

EBC Forex Snapshot 18 Apr 2024 The dollar softened on Thursday but pressures on other currencies barely went away. A string of hot data squashed the view that the Fed to start cutting rates in June. US economic activity expanded slightly from late February through early April and firms signalled they expect inflation pressure to hold steady, a Fed survey showed on Wednesday. The euro was largely unchanged above its five-month low. ECB President Christine Lagarde said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. 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:

2024-04-18 09:27:13 (GMT)

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