Monday morning open levels – indicative forex prices – 13 May 2024

As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.

Not too much change from late Friday

Indicative rates:

• EUR/USD 1.0774
• USD/JPY 155.74
• GBP/USD 1.2527
• USD/CHF 0.9065
• USD/CAD 1.3660
• AUD/USD 0.6609
• NZD/USD 0.6020

Weekend news that may be tickling CAD:

• Iraq won’t agree to new oil production cuts, minister says
• Canadian consumer spending strengthened broadly in April – RBC

And also from the weekend:

• China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)

Pic for the folks who are still enjoying Sunday!

This article was written by Eamonn Sheridan at www.forexlive.com.