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EBC Daily Snapshot Jun 27, 2024

EBC Forex Snapshot 27 Jun 2024 The dollar pared some of its gains from the previous session as Treasury yields eased a touch. New home sales in the US dropped last month as mortgage rates remained elevated. The euro was on track to lose roughly 1.4% for the month, weighed down by political turmoil in the euro zone in the lead up to France's snap election set to begin this weekend. European leaders’ summits could be faced with a critically weakened French president who has been one of the very few among them to consistently push for a stronger, more united and more “sovereign” EU. EBC Financial Market Forecast 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 Economic Research Findings or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-06-27 09:47:39 (GMT)

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