Dear Reader,

 

Today's overview of economic news and market action: 

 

  • The firmer tone to risk appetite persisted yesterday
  • Currency-wise the main pairs remain largely range bound
  • Of the limited moves to note, the dollar firmed, and the Yen weakened
  • This sees USD/JPY operate north of ¥144
  • EUR/USD opens today slightly above $1.13
  • GBP/USD is around the midway of $1.34-1.35
  • Ahead today, the latest FOMC minutes will be released

 
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1307   -0.62 9.21
EUR/GBP 0.8389   -0.06 1.40
GBP/USD 1.3473   -0.59 7.69
GBP/EUR 1.1914    0.06 -1.38
*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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