Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a risk averse tone to investor sentiment once again yesterday …
  • Reports Fed Chair Powell would be fired weighed on risk appetite …
  • However, the reports that Powell would be dismissed were later denied …
  • Against this backdrop, the dollar remained in the ascendancy for most of yesterday …
  • It should be noted though, that as rumours regarding Powell swirled, the dollar sold-off …
  • As trading gets underway today, EUR/USD is back below the $1.16 mark …
  • GBP/USD is just below the $1.34 handle …
  • EUR/GBP is in and around the midpoint of 86-87p …
  • Today, a slew of US data, including retail sales are due …

 
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1583   -0.31 11.88
EUR/GBP 0.8655    0.18 4.62
GBP/USD 1.3381   -0.10 6.95
GBP/EUR 1.1549    0.18 -4.41
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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