Early Monday FX rates – 22 July 2024 – US dollar little changed after Biden pulls out

I posted the bleary-eyed super-early rates here:

• Monday morning open levels, indicative FX rates 22July2024, little change from late Friday

Just updating now after the huge political news on Sunday from the US, Biden has dropped out of the presidential election:

• It’s finally Joever

Its still very early here in Asia,

• just before 7 am in Sydnay
• just before 6 am in Tokyo
• And just before 5 am in Hong Kong and Singapore

NZ is just heading towards 9am

Indicative rates:

• EUR/USD 1.0887
• USD/JPY 157.44
• GBP/USD 1.2921
• USD/CHF 0.9121
• USD/CAD 1.3721
• AUD/USD 0.6690
• NZD/USD 0.6011

The latest from the US is that Vice President Kamala Harris could be moving forward on the path to the Democratic presidential nomination following President Biden’s endorsement after dropping out of the race. Its not a lock.

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