Good Morning ,
Today's overview of economic news and market action:
- The Fed cut rates by 25bps yesterday, in-line with market expectations …
- In the initial aftermath of the Fed policy decision, the S&P 500 rose and US Treasury yields fell …
- At the same time, the dollar was on the defensive …
- This sees EUR/USD open up near the $1.17 mark ...
- GBP/USD is in the top half of the $1.33-1.34 range …
- USD/JPY is changing hands just below the ¥156 threshold …
- Meantime, EUR/GBP is operating close to the midpoint of 87-88p …
- Today, the macro calendar is relatively sparse...
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1695 |
|
0.58 |
12.96 |
| EUR/GBP |
0.8744 |
|
0.07 |
5.69 |
| GBP/USD |
1.3371 |
|
0.50 |
6.87 |
| GBP/EUR |
1.1432 |
|
-0.07 |
-5.39 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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