Dear Reader,
Here is an overview of today's economic news and market action:
- Risk-off mood on markets yesterday ...
- Modest softening in market rate hike expectations, most notably in the Eurozone...
- Currency-wise, safe havens such as the dollar and yen were in the ascendancy ...
- EUR/USD opens this morning back near $1.10...
- GBP/USD is changing hands near the midpoint of $1.24-1.25 ...
- EUR/GBP is at the halfway mark of 88-89p ...
- Relatively quiet data schedule ahead today...
Continue Reading
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Today's Opening FX Rates
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% Change |
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Day* |
End 2021 |
| EUR/USD |
1.1008 |
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-0.38 |
2.86 |
| EUR/GBP |
0.8845 |
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-0.08 |
0.01 |
| GBP/USD |
1.2445 |
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-0.28 |
2.88 |
| GBP/EUR |
1.1301 |
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0.08 |
-0.01 |
| *versus Previous Day's European Open |
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Weekly Market Brief: 24-28 April
Storm Clouds Gathering
- It is a tricky balancing act for central banks in trying to engineer a slowdown in economic activity to lower inflation, by tightening monetary policy, without going too far in hiking rates, and having an even greater contractionary impact on demand.
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Weekly Market View
Sensitive Expectations
It is a tricky balancing act for central banks in trying to engineer a slowdown in economic activity to lower inflation, by tightening monetary policy, without going too far in hiking rates, and having an even greater contractionary impact on demand.
Read More
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