Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- US CPI inflation printed above the consensus in September …
- Against this backdrop, US rate expectations initially firmed …
- However, they softened again amid some dovish Fed remarks and concerns regarding the AI-sector …
- Initially, the dollar was in the ascendancy as US rates hardened …
- Overnight though, the greenback has handed back most of its gains …
- EUR/USD opens today just above $1.12 …
- GBP/USD is near the midpoint of $1.32-1.33 …
- Today, the AI/tech-sector will be in focus …
- Remarks from Fed Chair Warsh and others will also warrant some attention …
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Today's Opening FX Rates
| |
|
|
% Change Day* |
End 2025 |
| EUR/USD |
1.1211 |
|
0.02 |
-4.55 |
| EUR/GBP |
0.8465 |
|
0.27 |
-2.87 |
| GBP/USD |
1.3241 |
|
-0.24 |
-1.72 |
| GBP/EUR |
1.1808 |
|
-0.27 |
2.95 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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