Dear Reader,
Today's overview of economic news and market action
- Overall, there was a positive tone to investor sentiment last week …
- On the currency front, the dollar was under downward pressure …
- Meantime, the euro was boosted by some better than anticipated flash PMI data …
- However, the dollar has started this week on a firmer footing …
- EUR/USD starts this morning in the top half of the $1.04-1.05 range …
- GBP/USD is changing hands at the midpoint of the $1.24-1.25 corridor …
- EUR/GBP is operating back below the 84p threshold …
- This week, monetary policy meetings for the Fed and the ECB will be the focus …
- Data-wise, the calendar is also jam-packed …
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.046 |
|
0.11 |
1.03 |
| EUR/GBP |
0.8394 |
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-0.38 |
1.46 |
| GBP/USD |
1.2453 |
|
0.43 |
-0.46 |
| GBP/EUR |
1.1906 |
|
0.38 |
-1.44 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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