Dear Reader,
Here is an overview of today's economic news and market action:
- US economy was in focus yesterday
- Q1 GDP disappointed versus expectations
- Core-PCE inflation for Q1 printed higher than expected
- Initial market reaction saw the dollar make some gains
- Elsewhere, euro was under some mild downward pressure
- EUR/USD opens this am, back down at $1.10
- EUR/GBP is in lower half of 88-89p
- Busy macro diary today, includes Q1 GDP for Germany & EZ
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Today's Opening FX Rates
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% Change |
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Day* |
End 2021 |
| EUR/USD |
1.1009 |
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-0.37 |
2.87 |
| EUR/GBP |
0.8824 |
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-0.38 |
-0.23 |
| GBP/USD |
1.2474 |
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-0.01 |
3.12 |
| GBP/EUR |
1.1328 |
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0.39 |
0.23 |
| *versus Previous Day's European Open |
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Weekly Market Brief: 24-28 April
Storm Clouds Gathering
- It is a tricky balancing act for central banks in trying to engineer a slowdown in economic activity to lower inflation, by tightening monetary policy, without going too far in hiking rates, and having an even greater contractionary impact on demand.
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Weekly Market View
Sensitive Expectations
It is a tricky balancing act for central banks in trying to engineer a slowdown in economic activity to lower inflation, by tightening monetary policy, without going too far in hiking rates, and having an even greater contractionary impact on demand.
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Irish Economy Watch - April 2023
PMI eased back to 49.7 in Mar, indicating a modest softening in business conditions. New orders, including exports, and output fell. Meantime, there was a further easing in inflation
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