Monday morning open levels – indicative forex prices for 14 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.

Weekend China news:

• China offers few details on stimulus in Saturday’s press conference
• Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25
• China September CPI rate fell below August and below expectations. PPI slumped further.

Indicative rates, not a lot changed from late Friday level, but AUD and NZD a touch softer after the China news over the weekend

• EUR/USD 1.0938
• USD/JPY 149.05
• GBP/USD 1.3073
• USD/CHF 0.8572
• USD/CAD 1.3758
• AUD/USD 0.6745
• NZD/USD 0.6102

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