Monday morning open levels – indicative forex prices – 05 August 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 1.0924
• USD/JPY 146.53
• GBP/USD 1.2804
• USD/CHF 0.8583
• USD/CAD 1.3875
• AUD/USD 0.6519
• NZD/USD 0.5958

Oil markets are yet to open, but a bit of a heads up ahead of that. Saudi Aramco has raised its official selling price (OSP) for Arab light for Asia by USD 0.20/bbl to USD 2.00/bbl above the benchmark (Oman/Dubai average) for September. This is the first bump higher in three months.

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