Monday’s Market Update I 18-Mar-2024

Today, the dollar remains stable as traders anticipate a week dominated by central bank meetings worldwide. The Bank of Japan appears poised to end negative rates, with attention on the Federal Reserve’s projected rate adjustments.

Apart from Japan and the United States, central banks in England and Australia are also due to meet expectations of keeping rates unchanged.

Markets are waiting for Consumer Price Index (CPI) data from the Eurozone and the UK, which is due for release today and Wednesday, respectively.

Thursday is poised for a surge in US data, including weekly jobless claims and home sales figures for February, as well as the Philly Fed manufacturing index and the Manufacturing Purchasing Managers Index (PMI) for March.