Dear Reader,

 

Today's economic news and market action:

  • Mixed mood on markets yesterday …
  • Dollar supported by PPI data/ Hawkish Fed remarks …
  • However, the dollar gave back some of its gains before the close …
  • EUR/USD opens this morning at the midpoint of $1.06-1.07 …
  • GBP/USD is in the lower half of $1.19-1.20 …
  • EUR/GBP is operating above the 89p handle …
  • Quiet data schedule to round out the week …
  • Remarks from Fed officials will garner attention later today …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0643   -0.57 -0.55
EUR/GBP 0.8915   0.33 0.80
GBP/USD 1.1934   -0.91 -1.35
GBP/EUR 1.1211   -0.33 -0.80
*versus Previous Day's European Open

 
 
 
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Weekly Market Brief: 6 - 10 February
 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.
 
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Economist's Weekly Market View - Back to the Future
 

Is the soft landing for the US economy, that even the US Federal Reserve had doubts could be achieved, coming into view for 2023? US Treasury Secretary, Janet Yellen, seems to think so, cementing last week that she sees a path in which the US economy avoids recession, helped by a significant decline in inflation and a strong labour market.
 
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AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...
 
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