Good Morning ,

 

Today's overview of economic news and market action:

  • Investor sentiment remained cautious yesterday …
  • US rate expectations have hardened, amid a hawkish tone in the Fed meeting minutes …
  • Currency-wise, the dollar has been in the ascendancy over the past 24 hours …
  • Overall, the dollar has gained around 0.6% versus the euro and sterling, and circa 1.4% against the yen …
  • EUR/USD open this morning back in the lower half of the $1.15-1.16 range …
  • GBP/USD is down near the midpoint of $1.30-1.31 …
  • USD/JPY is close to a nine-month high, at the halfway mark of ¥157-158 …
  • EUR/GBP continues to change hands in the bottom half of the 88-89p corridor …
  • Today, the focus is on the delayed release of the US labour market report for September …
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1517   -0.61 11.24
EUR/GBP 0.8814   0.01 6.54
GBP/USD 1.3063   -0.62 4.41
GBP/EUR 1.134   -0.01 -6.14
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
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