Dear Reader,
Today's overview of economic news and market action:
- There was a cautious mood on markets yesterday …
- US Tariff related news flow appeared to be the main driver of the price action …
- The threat of US tariffs provided a supportive backdrop for the dollar …
- It also weighed heavily on the euro …
- This sees EUR/USD open back below $1.04 …
- EUR/GBP is operating down at the midpoint of 82-83p …
- GBP/USD is back in the $1.25-1.26 corridor …
- Today, US core-PCE inflation (Jan) & flash German, French & Italian HICP (Feb) are due …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0385 |
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-0.75 |
0.31 |
| EUR/GBP |
0.8254 |
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-0.16 |
-0.23 |
| GBP/USD |
1.2578 |
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-0.61 |
0.54 |
| GBP/EUR |
1.2109 |
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0.16 |
0.23 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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