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EBC Daily Snapshot Jun 14, 2024

EBC Forex Snapshot 14 Jun 2024 The yen fell to an over one-month low on Friday after the BOJ stood pat on rates and said it would trim bond buying in the future. But markets had expected it to announce reducing bond purchase this month. In the broader market, the dollar was on the front foot, helped by the euro weakness and safe-haven bids as France's snap vote call stoked fears of political uncertainty in the country and the wider euro zone bloc. Data showed the number of Americans filing new claims for unemployment benefits increased to a 10-month high last week while separate data pointed to producer prices unexpectedly falling in May. EBC Economic Research Findings 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 News or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-06-14 10:26:37 (GMT)

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