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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Softer dollar tone over the past 24 hours
  • Some disappointing macro news and lower yields weighed on greenback
  • EUR/USD opens this morning back above $1.14
  • Elsewhere, EUR/GBP remains near to 84p
  • Focus today is on the ECB meeting, which provides some event risk for the euro
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1411   0.40 10.22
EUR/GBP 0.8417   0.08 1.74
GBP/USD 1.3552   0.31 8.32
GBP/EUR 1.1875    -0.08 -1.71
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
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?