Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Investor sentiment continued to hold a cautious tone throughout yesterday …
  • A slew of mixed data releases impacted sentiment throughout the day …
  • Currency markets were confined to relatively narrow range throughout the European session …
  • However, overnight, the dollar strengthened further, while the yen weakened …
  • As trading gets underway this morning this sees USD/JPY open above ¥144 …
  • EUR/USD is operating back near the $1.13 mark …
  • GBP/USD is changing hands down at the $1.33 threshold …
  • EUR/GBP remains in and around the 85p handle …
  • Today, the data calendar is much quieter …

 
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1309   -0.56 9.23
EUR/GBP 0.8502   0.12 2.77
GBP/USD 1.3298   -0.68 6.29
GBP/EUR 1.1757    -012 -2.69
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
Weekly Market Brief Market A spoon full of sugar
 

Amid current global trade uncertainty economy watchers have been parsing the incoming data for any signs of a slowdown While US confidence surveys have taken an nosedive in recent weeks there are fewer signs of this side of the Atlantic of any discernible impact. This may in part be due to where European economies were in the business cycle versus a hot U.S. economy coming off a couple of years of a very weak growth the UK and Germany being prime examples
 
Read More
LikeLike (0)