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EBC Daily Snapshot Apr 30, 2024

EBC Forex Snapshot 30 Apr 2024 The dollar inched higher on Tuesday ahead of the Fed's meeting. A rate cut in September was looking like a close call at just 44%, according to CME Group's FedWatch tool. A soft retail sales number out of Australia sent the Aussie sliding as markets further trimmed the risk of another RBA’s rate hike by September. Consumers pulled back on spending in March as cost of living remained high. Adding to Aussie weakness, manufacturing and services activity in China both expanded at a slower pace in April. Iron ore prices fell amid risk-off sentiment ahead of a Chinese public holiday. EBC Fintech Development 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 byEBC Fintech Development or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-04-30 09:56:18 (GMT)

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