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
 
      % 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.

 

 

 
 
More Economic News
 
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?
 
Read More
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