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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