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EBC Daily Snapshot Jun 24, 2024

EBC Forex Snapshot 24 Jun 2024 The dollar was little changed on Monday. Money markets are still pricing in a 58% chance of a 25-bp rate cut in September, and still expect about two rate cuts this year, according to LSEG's FedWatch data. US business activity reached a 26-month high in June amid a rebound in employment, while easing price pressures suggested the recent inflation slowdown may continue. The focus through the week will also be on geopolitics, with the first US presidential debate on Thursday and the first round of voting in the French election at the weekend. 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:

2024-06-24 09:45:54 (GMT)

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