Dear Reader,
Today's overview of economic news and market action
- Equity markets moved lower yesterday, led by a sharp fall in AI-related stocks …
- The significant fall on equity markets contributed to a risk averse tone to overall investor sentiment …
- The weaker tone to risk appetite provided a supportive backdrop for the franc and the yen …
- At the same time, the dollar was on the defensive …
- Overnight though, the dollar has taken the ascendancy amid tariff related newsflow …
- EUR/USD opens this morning down in the lower half of $1.04-1.05 …
- GBP/USD is near the midpoint of $1.24-1.25 …
- Meantime, EUR/GBP is changing hands just below the 84p threshold …
- USD/JPY is operating in the top half of the ¥155-156 corridor …
- Turning to the day ahead, the data calendar is somewhat light …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.0439 |
|
-0.22 |
0.83 |
| EUR/GBP |
0.8388 |
|
-0.19 |
1.39 |
| GBP/USD |
1.2442 |
|
-0.04 |
-0.55 |
| GBP/EUR |
1.1915 |
|
0.19 |
-1.37 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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