Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Oil prices rose by circa 4% and market interest rate expectations firmed yesterday ….
- As a result of this, equity markets moved lower and bond yields rose sharply ….
- At the same time the dollar was in the ascendancy …
- The greenback was supported by some hawkish Fed remarks and the rise in oil prices …
- Against this backdrop, EUR/USD opens today below $1.14 …
- GBP/USD is down below the midpoint of $1.32-1.33 …
- EUR/GBP is changing hands up at the 86p mark …
- Newsflow regarding the summit between Presidents Trump and XI will be in focus today …
- Developments regarding the Middle East may also impact markets …
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