EBC Daily Snapshot Jun 12, 2024

The dollar steadied on Wednesday after a four-week high. Markets see a 56% chance of a September rate cut, per the CME FedWatch tool.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Dollar’s resilience could be tested after Monday’s surge

Dollar’s resilience could be tested after Monday’s surge

Risk appetite is slightly receding today after Monday’s boost; US stocks and the dollar experienced considerable moves on Monday; US CPI in focus today, but investors are craving Fed commentary; Gold is climbing today, as oil maintains most of Monday’s gains;
XM Group | 23h 21min ago