Dear Reader,
Today's overview of economic news and market action:
- As expected, the Fed left interest rates unchanged yesterday …
- Overall, the market reaction was somewhat muted to the Fed meeting outcome …
- Elsewhere, the euro was on the defensive yesterday …
- Meanwhile, the yen strengthened overnight …
- Today, EUR/USD is operating back below the $1.09 threshold …
- EUR/GBP is changing hands down under the 84p mark …
- GBP/USD remains in the top half of the $1.29-1.30 corridor …
- USD/JPY is at the midpoint of ¥148-149 …
- Later today, the monetary policy spotlight will shift to the BoE …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0887 |
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-0.40 |
5.16 |
| EUR/GBP |
0.8385 |
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-0.38 |
1.35 |
| GBP/USD |
1.2981 |
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-0.01 |
3.76 |
| GBP/EUR |
1.1922 |
|
0.38 |
-1.34 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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