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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Some improvement in risk appetite yesterday
  • Investors reacted to news that President Trump’s 50% EU tariff is pushed out to July 9th
  • Currency-wise, the majors were confined to narrow ranges
  • The dollar managed to steady itself
  • EUR/USD opens this morning back below $1.14
  • EUR/GBP starts once again just under the 84p level
  • Today’s macro highlights include Eurozone EC sentiment, US durable goods and consumer confidence

 
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.137   -0.34 9.82
EUR/GBP 0.8392   -0.07 1.44
GBP/USD 1.3542   -0.28 8.24
GBP/EUR 1.1909    0.07 -1.42
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
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?