Further Marked Fall in Inflation Needed for Rate Cuts
by AIB Treasury Economic Research Unit
- The most notable feature of the main currency markets over the past year or so has been the predominance of narrow trading ranges, with the exception of the yen, which has fallen sharply
- Monetary policy has been a crucial driver of forex markets in recent years.
- The euro and sterling made some gains during the final quarter of last year, while the dollar lost a bit of ground.
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