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Dear Reader,

 

Today's overview of economic news and market action

 

      • There was a positive tone to investor sentiment at the start of the week …
      • On the currency front, the dollar was on the defensive early-on …
      • The market mood and the dollar were impacted by potential US tariff policy newsflow …
      • As trading gets underway this morning, EUR/USD opens up above the $1.04 handle ...
      • GBP/USD is operating up above the $1.25 threshold ...
      • Meanwhile, EUR/GBP continues to change hands near the 83p mark …
      • Today, Eurozone flash HICP inflation for December is the highlight …

 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0408   0.97 0.53
EUR/GBP 0.8292   0.04 0.23
GBP/USD 1.2545   0.90 0.27
GBP/EUR 1.2052   0.90 -0.23
*versus Previous Day's European Open

All rates quoted are indicative market rates.