Dear Reader,
Today's overview of economic news and market action:
- Despite a choppy start, trading conditions settled down as last week progressed …
- Against this backdrop, risk appetite improved, with equity markets moving higher …
- Currency-wise, the dollar started last week on the defensive …
- However, the greenback recouped its losses as the week progressed …
- This sees EUR/USD open back in the top half of the $1.13-1.14 range …
- Elsewhere, USD/JPY is at the midpoint of ¥143-144 …
- Meantime, GBP/USD is down in the lower half of $1.33-1.34 …
- EUR/GBP is below the halfway mark of the 85-86p trading band …
- This week, there is a very busy data calendar on both sides of the Atlantic …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.1375 |
|
0.37 |
9.87 |
| EUR/GBP |
0.8537 |
|
0.08 |
3.19 |
| GBP/USD |
1.13319 |
|
0.26 |
6.46 |
| GBP/EUR |
1.1708 |
|
0.08 |
-3.09 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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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
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