Good Morning ,
Today's overview of economic news and market action:
- Trading conditions remained relatively subdued yesterday …
- Oil prices moved above $120 for the first time since the Middle East conflict started …
- Meantime, the Fed opted to leave rates unchanged, as expected …
- However, US market interest rate expectations firmed in the aftermath of the Fed meeting …
- Against this backdrop, the dollar was on the front-foot overnight …
- This sees EUR/USD open this morning at the midpoint of $1.16-1.17 …
- EUR/GBP continues to change hands in the top half of 86-87p …
- Today, the monetary policy spotlight will be on the ECB and the BoE …
- A slew of data from the Eurozone and the US will also feature today …
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New Episode: Markets, Housing and Construction in Focus
Listen to AIB's Market Talk Podcast for the latest market insights
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Join Jane Kavanagh from AIB’s Corporate Treasury desk, alongside John Fahey, Senior Economist, and Pat O’Sullivan, Head of Real Estate Research, for this edition of AIB Market Talk. The discussion explores recent global market developments and what they mean for Ireland’s construction, housing and real estate sectors.
Listen here
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