Markets have been steadily scaling back their bets on rate cuts from the Federal Reserve this year. According to the data, there’s now a 50% chance that there will be three cuts in 2024, down from between six and seven cuts forecast back in January.
EUR/USD: the past year
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 7898 0500 or your Private Client Account Manager on 020 7898 0541.


