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EBC Daily Snapshot Jun 25, 2024

EBC Forex Snapshot 25 Jun 2024 The dollar eased slightly on Tuesday with politics at the forefront of investors' minds. Loonie strengthened to its highest in weeks after the BOC said the economy could grow due to cooling inflation. There is enough slack in the Canadian labour market to allow for growth and the creation of more jobs even as the inflation rate continues to decline, said BOC Governor Tiff Macklem. Investors see a 72% chance that the central bank would cut interest rates further at the next policy decision on July 24, swaps market data shows. Earlier this month, it became the first G7 central bank to ease policy. 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:

2024-06-25 09:31:21 (GMT)

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