Currency market becalmed so far in 2024
by AIB Treasury Economic Research Unit
- So far this year, trading conditions on currency markets have been relatively steady, with the euro, dollar and sterling all operating in quite narrow ranges.
- EUR/USD has operated between $1.06-1.105 year-to-date, while EUR/GBP has traded between 83.8-86.8p
- The one source of volatility on currency markets has been the yen
- In this regard, the Jackson Hole Economic Symposium will garner significant attention this week
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