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EBC Daily Snapshot Jun 21, 2024

EBC Forex Snapshot 21 Jun 2024 The dollar pushed to a fresh eight-week top above 159 yen on Friday, with the Fed's patient approach to cutting interest rates contrasting with more dovish stances elsewhere. The US Treasury Department added Japan to its “monitoring list” for foreign-exchange practices, but stopped short of labelling it or any other trade partner as a currency manipulator. Even so, Japan's top currency diplomat Masato Kanda stressed that Tokyo stands ready to take further "resolute" action against "speculative, excessive volatility". 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:

2024-06-21 08:34:33 (GMT)

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