Dear Reader,
Today's overview of economic news and market action:
- Risk appetite turned more cautious over the course of yesterday
- Euro Stoxx 50 finished the day down by 0.1%, while the S&P 500 was up by a modest 0.4%
- The greenback handed back most of its recent gains, while the euro, yen and Swiss franc benefited
- The weaker dollar sees EUR/USD open near the point of $1.13-1.14
- EUR/GBP is back above 84p; USD/JPY is in the upper region of ¥143-144
- For the day ahead, US core-PCE and German & Italian HICP inflation data will be released
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Today's Opening FX Rates
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% Change Day* |
End 2024 |
| EUR/USD |
1.1346 |
|
0.88 |
9.59 |
| EUR/GBP |
0.8416 |
|
0.59 |
1.73 |
| GBP/USD |
1.3477 |
|
0.28 |
7.72 |
| GBP/EUR |
1.1876 |
|
-0.58 |
-1.70 |
| *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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