Dear Reader,
Today's overview of economic news and market action
- There was a cautious tone to risk sentiment yesterday …
- There was a modest firming in Eurozone market rate expectations of circa 5bps yesterday …
- UK futures contracts also hardened …
- In contrast, US futures contracts were little changed …
- Currency-wise, the dollar edged slightly higher …
- This is reflected by EUR/USD opening this morning back near $1.04 …
- GBP/USD is down below the $1.26 threshold …
- EUR/GBP remains in the top half of 82-83p …
- Today, the flash reading of Eurozone consumer confidence (Feb) is due ....
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0431 |
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-0.23 |
0.75 |
| EUR/GBP |
0.8279 |
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-0.02 |
0.07 |
| GBP/USD |
1.2594 |
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-0.22 |
0.66 |
| GBP/EUR |
1.2072 |
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0.02 |
-0.07 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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