Fedspeak and US Data Could Prop Up the Dollar

From Investing.com: 2024-06-20 05:36:00

The US is back in action with a full data calendar and Fedspeak expected today, including key release of preliminary PMI surveys for the euro area. SNB cuts rates while remaining willing to intervene in FX markets. The BoE meets today, likely no headlines. Yen underperforms with Japanese officials staying quiet. Jobless claims and housing data could move the market. BoE preparing for August meeting, potential rate cut. SNB announces 25bps rate cut, open to further cuts. Yen climbs against dollar, officials quiet. Market awaits national CPI report for yen recovery potential.



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