Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.
Indicative rates, a little change from late Friday. Yen the notable mover highe:
- EUR/USD 1.1186
- USD/JPY 145.31
- GBP/USD 1.3280
- USD/CHF 0.8367
- USD/CAD 1.3974
- AUD/USD 0.6404
- NZD/USD 0.5885
It was an active weekend for news ICYMI:
- The weekend news hasn’t been great for market confidence
- UK PM Starmer expected to announce Brexit ”reset” deal on Monday. (Is Brexin the word?)
- Australian PM Albanese says he’s “up for a deal” with Europe on free trade
- ECB’s Lagarde:EUR/USD up justified by the uncertainty & loss of confidence in US policies
- European Central Bank Board Member Schnabel cautious on a June ECB rate cut
- ECB’s Kazaks: Rate cuts may be nearing end, but outlook still uncertain
- Friday bombshell: Moody’s downgrades US credit rating
This article was written by Eamonn Sheridan at www.forexlive.com.