6 June 2024 US Monitor Dollar likely to depreciate as the Fed eases faster than other central banks
4th Jun 2024 17:52USDaily Monitor
- We expect EURUSD to weaken by 8% to 1.18 by year-end, as the Fed eases faster than the ECB.
- Initial claims likely rose last week; public holidays depress them less now than seasonal adjustment assumes.
- The ISM services index is an unreliable guide to activity, but a weak employment balance points to trouble ahead.
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