Dear Reader,
Today's overview of economic news and market action
- It was a relatively quiet day on financial markets yesterday …
- Currency-wise, the main pairs were quite range bound once again …
- Of the muted moves to register, the dollar was under some downward pressure …
- Overnight, the dollar lost some more ground …
- Meantime, the yen strengthened as the BoJ hiked rates to 0.50% …
- EUR/USD opens this morning near the midpoint of $1.04-1.05 …
- GBP/USD is in the top half of the $1.23-1.24 corridor …
- EUR/GBP remains close to the halfway mark of 84-85p …
- USD/JPY is in the lower regions of ¥155-156 …
- Today, the flash PMIs in the Eurozone, UK and US (all Jan) are due …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0456 |
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0.49 |
0.99 |
| EUR/GBP |
0.8441 |
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-0.09 |
2.03 |
| GBP/USD |
1.2382 |
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0.58 |
-1.03 |
| GBP/EUR |
1.184 |
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0.09 |
-1.99 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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