01/10/2025
Yesterday echoed Monday with USD slightly weaker, staying within recent bounds. Fed & BoE speeches had minimal market impact.
Forex holds steady ahead of key US data. GBP/USD eyes new highs, while EUR gains strength. Learn about yesterday’s market movements and stay informed.
In the comparison of GBP against G10 currencies, market activity remained subdued, though there were indications of USD weakness.
Yesterday’s currency markets saw anticipated USD volatility. Initial weakness due to Nvidia’s earnings reversed on strong US data.
Yesterday’s European trading session saw cautious movements, marked by a slightly weaker USD and a stronger EUR ahead of the release of the Fed minutes later in the day.
Yesterday, the Euro (EUR) strengthened as wage growth in Q4 of 2023 eased in line with expectations. EURUSD reached a two-week high while GBPEUR hit a month low, though these gains may be limited without positive surprises in Thursday’s PMI numbers.