Good Morning ,

Today's overview of economic news and market action:

• The positive mood on markets at the start of the week persisted yesterday …
• Amid the ongoing improved in risk appetite, the dollar was on the defensive once again …
• The weaker tone to the dollar sees EUR/USD open this morning up above the $1.15 threshold …
• GBP/USD is changing hands at the midpoint of the $1.33-1.34 corridor …
• Meantime, USD/JPY is back below the ¥159 handle …
• Elsewhere, EUR/GBP remains in the bottom half of the 86-87p band …
• Today, the conflict in the Middle East will remain in focus …
• The Fed FOMC policy decision/press conference will also warrant attention …

All rates quoted are indicative market rates.