Dear Reader,
Today's overview of economic news and market action
- As expected the Fed left interest rates unchanged yesterday …
- At the post-meeting press conference, Chair Powell struck a balanced tone …
- Overall, the market reaction to the Fed meeting outcome was limited …
- Currency-wise, EUR/USD opens this morning nearer to the $1.04 threshold …
- GBP/USD remains in and around the midpoint of $1.24-1.25 …
- EUR/GBP is in the top half of the 83-84p band …
- Today, the EFCB is widely expected to cut rates by 25bps …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0413 |
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-0.27 |
0.58 |
| EUR/GBP |
0.8369 |
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-0.11 |
1.16 |
| GBP/USD |
1.2438 |
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-0.14 |
-0.58 |
| GBP/EUR |
1.194 |
|
0.11 |
-1.15 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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