Good Morning ,
Today's overview of economic news and market action:
- There was a cautious tone to investor sentiment throughout last week …
- As expected, the Fed cut rates by 25bps last week …
- The dollar was on the defensive following the Fed policy announcement ...
- Sterling was under some downward pressure near the end of the week …
- EUR/USD opens in the bottom half of the $1.17-1.18 range …
- GBP/USD is operating above the midpoint of the $1.33-1.34 band …
- At the same time, EUR/GBP is changing hands in the top half of 87-88p …
- This week, the focus is on the ECB, BoE and BoJ policy meetings …
- A data calendar is also very busy this week …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2024 |
| EUR/USD |
1.1732 |
|
-0.05 |
13.32 |
| EUR/GBP |
0.8781 |
|
0.23 |
6.14 |
| GBP/USD |
1.3359 |
|
-0.25 |
6.78 |
| GBP/EUR |
1.1386 |
|
-0.23 |
-5.79 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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