Dear Reader,

 

Today's overview of economic news and market action: 

  • Mixed mood on markets yesterday …
  • Currency-wise, the dollar started the day on the defensive …
  • However, the greenback recouped its losses later in the day …
  • Meantime, the BoJ left policy on hold overnight, as expected …
  • As trading gets underway this morning, EUR/USD is above $1.09 …
  • GBP/USD is in the top half of $1.29-1.30 …
  • EUR/GBP is in the lower half of 84-85p …
  • USD/JPY is in the ¥149-150 range …
  • Today, the focus is on the Fed FOMC meeting conclusion …
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0926   0.17 5.53
EUR/GBP 0.8415   0.12 1.72
GBP/USD 1.2977   0.03 3.72
GBP/EUR 1.1876   -0.12 -1.69
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
More Economic News
 
 
Ireland Construction PMI - February 2025
 

Total activity falls despite slight improvement in new orders. Housing and commercial activity increase. Staffing levels down for first time in six months.
 
Read more
 
ECB Watch - March 2025
 

The March meeting of the ECB Governing Council saw the central bank cut interest rates for a second consecutive time this year. It reduced them by 25bps, with the Deposit rate lowered to 2.50%, while the Re-fi rate was decreased to 2.65%. This marked the sixth 25bps rate cut since the ECB started its easing cycle last June. 
 
Read More
 
Irish Economy Watch - February 2025
 
  • Manufacturing PMI rose to 51.3 in January, indicating a first monthly expansion since October
  • The services PMI fell to 53.4 in January, consistent with a slower pace of expansion
  • Retail sales were 0.4% lower YoY in December
  • Housing commencements 12 month running total at 60.6k in January
 
Read More