Monday morning open levels – indicative forex prices – 07 October 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.

Indicative rates, not a lot changed from late Friday levels:

• EUR/USD 1.0970
• USD/JPY 148.77
• GBP/USD 1.3114
• USD/CHF 0.8589
• USD/CAD 1.3570
• AUD/USD 0.6789
• NZD/USD 0.6158

A couple of items from the weekend, and I’ll post a few more soon:

• China house sales rose over the holiday period – property sector recovery?
• Saudi Arabia has raised its main oil prices for buyers in Asia, well above expectations
• Crude oil price forecast

Also, week ahead previews:

• Weekly Market Outlook (07-11 October)
• Newsquawk Week Ahead: US CPI, RBNZ, Minutes from FOMC, ECB and RBA, and Canada jobs

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