Dear Reader,
Today's overview of economic news and market action:
- Trading conditions were very volatile throughout last week …
- This caused the US Treasury market to convulse, which added to concerns on the outlook …
- On the currency front, the dollar remained under pressure last week …
- EUR/USD opens this morning in the top half of the $1.13-1.14 range …
- Similarly, EUR/GBP is in the upper region of the 86-87p trading band …
- Elsewhere, GBP/USD is up above the $1.31 threshold …
- USD/JPY is operating back below ¥143 …
- This week, the ECB is expected to cut rates by 25bps …
- Busy schedule of UK and US data releases also …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.1376 |
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0.49 |
9.88 |
| EUR/GBP |
0.8676 |
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-0.22 |
2.87 |
| GBP/USD |
1.311 |
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0.70 |
4.79 |
| GBP/EUR |
1.1521 |
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0.22 |
-4.64 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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