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EBC Daily Snapshot Jun 20, 2024

EBC Forex Snapshot 20 Jun 2024 The dollar firmed a touch on Thursday. Fed Governor Adriana Kugler said monetary policy is "sufficiently restrictive" to ease price pressures without causing a significant deterioration in the job market. Currencies were trading in tight ranges following a holiday in the US and as investors looked not only to the BoE but also central bank decisions in Switzerland and Norway. The focus will be on any guidance on how soon an easing cycle could begin. The return of UK inflation to 2% in May is a significant milestone, but the path ahead remains fraught with uncertainty. 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:

2024-06-20 09:55:53 (GMT)

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