Good Morning ,
Today's overview of economic news and market action:
- Yesterday was another relatively quiet day on financial markets.
- The main FX pairs continued to operate within very narrow trading ranges.
- Of the muted price action, the dollar was under slight downward pressure.
- This sees EUR/USD open this morning up near the midpoint of $1.16-1.17.
- GBP/USD is changing hands in the bottom half of the $1.32-1.33 corridor.
- EUR/GBP continues to operate just below the 88p threshold.
- USD/JPY is at the halfway mark of ¥155-156.
- Today, US industrial production (Sep), the non-manufacturing ISM, ADP employment (both Nov) are due.
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