A race between the ECB and the Fed?
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Amid growing hopes  that the US economy will land softly in 2024, financial markets are pricing looser monetary sooner than expected. John Bradley, Head of Foreign Exchange, and Daniel Morris, Chief Market Strategist, discuss the prospects for the main developed market currencies in this environment. On this Talking Heads podcast, John highlights the likelihood of the US dollar weakening, especially  against the Japanese yen, as markets anticipate changes in interest rate differentials. He notes that there could be a race between the US Federal Reserve and the ECB as inflation falls back to the central bank's target faster in the eurozone than in the US, clearing the way for eurozone rate cuts first. 
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