Dear Reader,

 

Today's overview of economic news and market action: 

 

    • After last week’s generally firmer tone, dollar starts this week under pressure
    • Risk of a US government shutdown has seen the greenback give up some of its gains
    • EUR/USD starts this week back above $1.17, GBP/USD has regained the $1.34 level
    • Ahead this week, the risk of a US government shutdown on Wednesday will be in focus
    • Main data highlight is the scheduled release on Friday of a raft of jobs market metrics (Sept)
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.723    0.39 13.23
EUR/GBP 0.872    -0.27  5.40
GBP/USD 1.3439    0.65 7.42
GBP/EUR 1.1462     0.28 -5.13
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
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More Economic News
 
Irish Economy Watch - September 2025
 
 

Manufacturing PMI stayed in expansion mode but fell to 51.6 in August. The services PMI eased further to 50.6 in August, consistent with a slower pace of growth. The core retail sales rose by 1.3% in the three months to July. Housing commencements 12 month running total back below 39k in August. CPI inflation rate rose to 2.0% in August and HICP rate increased to 1.9% also.  

 

 
 
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US Federal Reserve Watch - September 2025
 
 

The September meeting of Federal Reserve Open Market Committee (FOMC) saw the central bank cut interest rates for the first time since December of last year. The target range for the Fed funds rate was lowered to 4.00-4.25%.
 
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