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EBC Daily Snapshot Jun 18, 2024

EBC Forex Snapshot 18 Jun 2024 The dollar edged higher on Tuesday after Philadelphia Fed President Patrick Harker revealed that he is in the single-cut camp, but left the door open to changing his view depending on incoming data. The yen still languished around the low of 158 per dollar. Economists remain split over the timing of the Bank of Japan's next interest rate hike, according to a new Reuters poll. Some 30% of the respondent expected a rate hike in June. Another 41% forecast the next hike would come in October. Slightly more than 20% went with September, while the remainder did not expect further tightening until 2025. 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:

2024-06-18 09:02:19 (GMT)

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