Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Oil prices remained the main driver of investor sentiment yesterday …
- On the monetary policy front, both the ECB and BoE left rates unchanged, as expected …
- However, both central banks struck a more hawkish tone than at previous meetings …
- Currency-wise, the dollar came under pressure as oil prices fell …
- Elsewhere, Japanese authorities intervened to support the yen …
- In level terms, EUR/USD opens today above $1.17 …
- USD/JPY is near ¥157, having been above ¥160 previously …
- EUR/GBP is down in the lower half of the 86-87p corridor …
- Today, the macro calendar is relatively light …
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Join Jane Kavanagh from AIB’s Corporate Treasury desk, alongside John Fahey, Senior Economist, and Pat O’Sullivan, Head of Real Estate Research, for this edition of AIB Market Talk. The discussion explores recent global market developments and what they mean for Ireland’s construction, housing and real estate sectors.
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