Dear Reader,

 

Today's overview of economic news and market action: 

  • Risk averse mood to investor sentiment persisted yesterday
  • Main equity indices suffered another day of losses
  • Currency-wise, the dollar remained on the defensive
  • At the same time, euro retained its firmer tone
  • EUR/USD opens this morning at $1.09
  • Ahead today, geopolitical and global trade news will remain in focus
  • Data-wise, US CPI inflation (Feb) is the main release of note
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.0904   0.61 5.32
EUR/GBP 0.8432   0.18 1.92
GBP/USD 1.293   0.43 3.35
GBP/EUR 1.1856   -0.18 -1.89
*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