Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Generally cautious tone to investor sentiment yesterday.
  • Macro calendar was relatively sparse.
  • Currency-wise, the dollar has posted some gains over the past 24 hours.
  • This includes EUR/USD edging down to the midpoint of $1.17-1.18.
  • Elsewhere, EUR/GBP remains above the 87p threshold.
  • Today’s macro diary includes EZ money supply metrics (Aug) and US Q2 GDP (final reading).
 
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Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1749    -0.45 13.48
EUR/GBP 0.8728    -0.08  5.50
GBP/USD 1.3455    -0.38 7.55
GBP/EUR 1.145     0.08 -5.21
*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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