Dear Reader,
Today's overview of economic news and market action
- The price action was relatively muted last week …
- Month-end flows were the main driver of moves on currency markets …
- This saw the dollar come under some downward pressure …
- Meantime, the yen was holding a firmer tone …
- However, the dollar has already recouped some of its losses at the start of this week …
- EUR/USD is down near $1.05 …
- EUR/GBP is below the 83p threshold …
- GBP/USD is changing hands between $1.26-1.27 …
- USD/JPY is at the ¥150 mark …
- This week, the main release of note will be the US labour market report for November …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0517 |
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-0.47 |
-4.70 |
| EUR/GBP |
0.8284 |
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-0.36 |
-4.43 |
| GBP/USD |
1.2693 |
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-0.09 |
-0.28 |
| GBP/EUR |
1.2068 |
|
0.36 |
4.64 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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