Dear Reader,
Today's overview of economic news and market action
- Equity markets moved lower on both sides of the Atlantic yesterday …
- Data-wise, Eurozone flash HICP inflation printed slightly above the consensus …
- Meanwhile, US core-PCE inflation also came in higher than anticipated, staying at 2.7% …
- On the currency front, sterling was on the defensive yesterday …
- This sees EUR/GBP open this morning up above the 84p handle …
- GBP/USD is back at the $1.29 threshold …
- Elsewhere, EUR/USD is in the top half of $1.08-1.09 …
- USD/JPY is in the lower half of ¥152-153, as the BoJ left policy on hold overnight …
- Today, the US labour market report for October is due …
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0874 |
|
0.21 |
-1.47 |
| EUR/GBP |
0.843 |
|
0.66 |
-2.75 |
| GBP/USD |
1.2898 |
|
-0.45 |
1.33 |
| GBP/EUR |
1.186 |
|
-0.65 |
2.82 |
| *versus Previous Day's European Open |
All rates quoted are indicative market rates.
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AIB Economic Outlook - October 2024
Growth in Ireland’s key trading partners uneven, geopolitical risks to the fore. Irish economy expected to grow at a moderate pace in the coming years. Households remain cautious in spending patterns. US dollar dominance tested by macro trends.
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