Dear Reader,

 

Today's overview of economic news and market action: 

 

  • There was a mixed mood on markets yesterday …
  • Overnight, the US released a number of letters threatening to raise tariffs on August 1st …
  • However, the EU did not receive a letter, an reports suggest a trade deal may be reached this week …
  • Currency-wise, the euro handed back some of its gains from last week …
  • This sees EUR/USD open today in the lower half of $1.17-1.18 …
  • EUR/GBP is back near the 86p threshold …
  • USD/JPY is north of ¥146 …
  • Today, the focus will likely remain on US trade policy related developments …

  
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1736   -0.25 13.36
EUR/GBP 0.861   -0.34 4.07
GBP/USD 1.3625   0.09 8.90
GBP/EUR 1.1607   0.32 -3.91
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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