Dear Reader,

 

Here is an overview of today's economic news and market action:

  • Chair Powell struck a hawkish tone yesterday …
  • US rate hike expectations firmed markedly …
  • As a result, the dollar was in the ascendancy …
  • Sees EUR/USD open today back in the lower half of $1.05-1.06 …
  • GBP/USD is operating down near $1.18 …
  • EUR/GBP is changing hands above the 89p threshold …
  • The second day of Powell’s testimony will feature today ..
  • Elsewhere, remarks from ECB Lagarde may garner attention …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.054   -1.34 -1.51
EUR/GBP 0.8912   0.42 0.77
GBP/USD 1.1823   -1.77 -2.27
GBP/EUR 1.1214   -0.42 -0.76
*versus Previous Day's European Open

 
 
 
Economist's Weekly Market View - The Core Problem
 

Recent inflation data have been disappointing, especially in regard to core measures. It started in the US, with the latest data for core inflation, which excludes food and energy, posting unexpectedly large monthly increases of 0.6% and 0.4% for January and December, respectively, leaving the annual rate stuck around 4.7%.
 
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AIB Market Talk Podcast
 
 

Click the link to listen to AIB Market Talk featuring discussions with our Economists and Treasury experts, providing you with specialist insight into the prevailing topics impacting Financial Markets.
 
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Weekly Market Brief: 6 - 10 March
 

Good Inflation News in Short Supply

Recent inflation data have been disappointing, especially in regard to core measures...
 
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February 2023 Services PMI Report
 

Ireland's service sector gained some further growth momentum midway through the first quarter of the year with the latest AIB PMI® survey data marking exactly two consecutive years of monthly improvements in business activity, new business, and employment.
 
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Manage your FX risk with a Forward Contract
 

Watch our video to learn the key features of a Forward Contract and how it will help provide you with greater certainty on profit margins 

 
 
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