Dear Reader,

 

Today's overview of economic news and market action: 

 

  • The risk averse mood on markets remained in place yesterday …
  • Currency-wise, the dollar started the European session in the ascendancy …
  • However, the greenback lost momentum as the day progressed …
  • This morning, EUR/USD is operating just below $1.08 …
  • GBP/USD is up at the midpoint of $1.29-1.30 …
  • EUR/GBP remains in the lower half of the 83-84p range ...
  • The main highlight today will be US core-PCE inflation for February …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0789   0.20 4.21
EUR/GBP 0.8327   -0.13 0.65
GBP/USD 1.2952   0.33 3.52
GBP/EUR 1.2004   0.13 -0.65
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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