Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a mixed mood on financial markets last week …
  • Currency-wise, the dollar was on the front-foot once again for most of last week …
  • However, rumours regarding Fed Chair Powell’s position weighed on the dollar …
  • After the reports regarding his position were quashed, the dollar regained the ascendancy …
  • EUR/USD opens today back in the lower half of the $1.16-1.17 range …
  • GBP/USD is just above the $1.34 threshold …
  • Elsewhere, EUR/GBP is in and around the midpoint of 86-87p …
  • This week, the main highlight will be the ECB policy meeting on Thursday …
  • Data-wise, the flash PMIs for July are due …

 
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1629   0.09 12.32
EUR/GBP 0.8663   0.10 4.71
GBP/USD 1.3422   0.01 7.28
GBP/EUR 1.154   -0.10 -4.50
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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