Dear Reader,
Today's overview of economic news and market action
- The relatively muted start to the week on financial markets continued yesterday …
- A very sparse data calendar yesterday likely contributed to the limited price action …
- Currency-wise, the euro and yen were under some downward pressure …
- Both currencies shed circa 0.5% versus the dollar and sterling, with EUR/GBP registering a fresh YTD low …
- As trading gets underway this morning, EUR/GBP is below the midpoint of 82-83p …
- EUR/USD is operating in the bottom half of the $1.05-1.06 range …
- GBP/USD is just above the halfway mark of $1.27-1.28 ….
- USD/JPY is changing hands in the top half of ¥151-152 …
- Turning to the day ahead, the focus will be on US CPI inflation data for November …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0523 |
|
-0.37 |
-4.65 |
| EUR/GBP |
0.8242 |
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-0.47 |
-4.91 |
| GBP/USD |
1.2764 |
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0.10 |
0.27 |
| GBP/EUR |
1.2127 |
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0.47 |
5.17 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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