AIB's Forex and Interest Rate Outlook: May 2024

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AIB Customer Treasury Services

24 May 2024

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Click below to read AIB's latest AIB's Forex and Interest Rate Outlook for May 2024 ...

May 2024 Forex and Interest Rate Outlook

World economy continues to exhibit resilience. However, subdued growth expected again in 2024.
Inflation remains sticky in key markets, particularly the US and UK.
Central banks, remain cautious on timing and scale of policy easing.
Fed has dampened expectations of near term cuts. ECB likely to be first to cut in June.
Main currency pairs exhibiting some volatility as central bank policy diverges.
Expectation is for the dollar to weaken modestly from current high levels versus other majors.

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