Dear Reader,

Today's economic news and market action:

• Risk averse mood to start the week …
• US rate expectations continued to firm …
• Firmer US rates, in turn supported the dollar …
• Sees EUR/USD open back in the lower half of $1.07-1.08 …
• GBP/USD is operating down in the $1.20-1.21 range … 
• EUR/GBP is in the bottom half of 89-90p …
• Today, Comments from Fed Chair Powell & ECB policymaker Schnabel feature …

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The title of the International Monetary Fund’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.  For advanced economies, CPI rates are seen falling from an average 7.3% in 2022 to 4.6% in 2023 and to 2.6% in 2024. 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.

AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...