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 1.1186USD/JPY 145.31GBP/USD 1.3280USD/CHF 0.8367USD/CAD 1.3974AUD/USD 0.6404NZD/USD 0.5885
It was an active weekend for news ICYMI:
The weekend news hasn’t been great for market confidenceUK 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 tradeECB’s Lagarde:EUR/USD up justified by the uncertainty & loss of confidence in US policiesEuropean Central Bank Board Member Schnabel cautious on a June ECB rate cutECB’s Kazaks: Rate cuts may be nearing end, but outlook still uncertainFriday bombshell: Moody’s downgrades US credit rating
This article was written by Eamonn Sheridan at www.forexlive.com.