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- World economy continues to exhibit resilience. However, subdued growth expected again in 2024.
- Inflation remains sticky in key markets, particularly the US and UK.
- Central banks, remain cautious on timing and scale of policy easing.
- Fed has dampened expectations of near term cuts. ECB likely to be first to cut in June.
- Main currency pairs exhibiting some volatility as central bank policy diverges.
- Expectation is for the dollar to weaken modestly from current high levels versus other majors.
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