Dear Reader,
Today's overview of economic news and market action
- US data released yesterday indicate the economy remains robust …
- However, they also suggest price pressures are still elevated …
- US futures contracts firmed slightly following the release of the US data …
- In contrast, EZ futures were unchanged as inflation printed broadly in-line with consensus …
- Against this backdrop, the dollar was on the front-foot …
- This sees EUR/USD open this morning down in the bottom half of $1.03-1.04 …
- GBP/USD is operating back below the $1.25 mark …
- EUR/GBP remains just under the 83p threshold …
- Today, the Fed FOMC meeting minutes will be the highlight …
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