Dear Reader,
Today's overview of economic news and market action:
- The firmer tone to risk appetite persisted yesterday
- Currency-wise the main pairs remain largely range bound
- Of the limited moves to note, the dollar firmed, and the Yen weakened
- This sees USD/JPY operate north of ¥144
- EUR/USD opens today slightly above $1.13
- GBP/USD is around the midway of $1.34-1.35
- Ahead today, the latest FOMC minutes will be released
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Today's Opening FX Rates
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|
% Change Day* |
End 2024 |
| EUR/USD |
1.1307 |
|
-0.62 |
9.21 |
| EUR/GBP |
0.8389 |
|
-0.06 |
1.40 |
| GBP/USD |
1.3473 |
|
-0.59 |
7.69 |
| GBP/EUR |
1.1914 |
|
0.06 |
-1.38 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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AIB's Economic Outlook May 2025
- Global uncertainty over trade tensions and tariffs expected to slow 2025 and 2026 growth.
- Modified domestic demand growth of 2.3% expected this year.
- Labour market will continue to expand, but jobs growth to ease.
- Consumer spending robust but growth set to moderate as households build savings in uncertain macro environment.
- Theme in Focus:Could Ireland weather a tariff & FDI shock?
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