Dear Reader,

 

Today's overview of economic news and market action: 

 

 

  • There was a severe risk-off tone on markets yesterday …
  • Equity markets plunged, bond yields fell, rate expectations softened, & the price of oil declined …
  • At the same time, the dollar was under significant pressure …
  • This saw EUR/USD and GBP/UISD register fresh YTD highs yesterday …
  • However, the greenback recouped some of its losses overnight …
  • EUR/USD opens this morning at the midpoint of $1.10-1.11 …
  • GBP/USD is at the halfway mark of $1.30-1.31 …
  • EUR/GBP is in the top half of 84-85p, amid the more significant softening in UK futures …
  • Today, markets will remain highly reactive to tariff related news flow …
  • The US labour market report (March) and remarks from Fed Chair Powell are also due …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1059   1.40 6.82
EUR/GBP 0.8468   1.43 2.36
GBP/USD 1.3055   -0.02 4.35
GBP/EUR 1.1803   -1.41 -2.30
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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