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EBC Daily Snapshot May 30, 2024

EBC Forex Snapshot 30 May 2024 The dollar scaled a two-week peak on Thursday as a spate of stronger-than-expected economic data and a run of poorly received auctions rippled through the Treasury market. Market interventions proves to be limited in its in its ability to reverse the yen's slide so Japanese policymakers are turning their attention to more structural economic factors for a fundamental solution. They discussed measures to strengthen Japan's global competitiveness and divert profits earned overseas to boost domestic growth during four meetings since March, according to minutes. EBC Investment Strategy Report 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 Financial Group or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-05-30 08:47:56 (GMT)

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