Dear Reader,
Today's overview of economic news and market action
- Focus on German federal election – centre right win
- Grand coalition likely – supportive of euro overnight
- Currency-wise, euro traded above $1.05, but has now slipped to high $1.04
- EUR/GBP opening this morning in upper half of 82-83p
- Quiet macro day - main highlights this week are US PCE inflation, and Eurozone flash HICP estimates later in the week
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.0507 |
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0.14 |
1.49 |
| EUR/GBP |
0.8296 |
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0.12 |
0.28 |
| GBP/USD |
1.2659 |
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0.01 |
1.18 |
| GBP/EUR |
1.2046 |
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-0.12 |
-0.28 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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