Good Morning ,
Today's overview of economic news and market action:
- Generally, cautious tone to investor sentiment last week
- At the same time, most of the FX majors were confined to narrow ranges
- However, the escalation of the conflict in the Middle East over the weekend has seen the dollar make gains
- EUR/USD opens this morning in the lower half of $1.17-1.18, while GBP/USD is below $1.34
- Ahead this week, development in the Middle East will be very much in focus
- There is also some key macro data releases, including US non-farm Payrolls for February
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1725 |
|
-0.69 |
-0.17 |
| EUR/GBP |
0.8772 |
|
0.23 |
0.65 |
| GBP/USD |
1.3362 |
|
-0.93 |
-0.82 |
| GBP/EUR |
1.1394 |
|
-0.23 |
-0.65 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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