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Thursday, February 29, 2024

FX Weekly Recap: January 1 – 5, 2024

The British pound was king of pips this week, edging out the U.S greenback who fell from the highest spot within the ultimate moments of commerce because of weak U.S. updates on Friday.

On the opposite finish of the spectrum, the Japanese yen misplaced large as merchants closely decreased bets that the Financial institution of Japan (BOJ) will ditch its straightforward financial insurance policies in 2024.

AUD and NZD took heavy hits from the general risk-averse buying and selling atmosphere whereas European currencies like EUR and CHF managed to recoup a few of their early week losses however closed the week combined.

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