Dear Reader,
Today's overview of economic news and market action
- Cautious mood to investor sentiment yesterday
- On bond markets, yields were generally higher
- Currency-wise, yen weakness and USD/JPY grabbed the headlines
- Elsewhere, dollar also held the upper hand versus EUR and GBP
- EUR/USD back down below $1.07
- Today’s data diary includes Eurozone EC sentiment indicators (June)
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Today's Opening FX Rates
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% Change Day* |
End 2023 |
| EUR/USD |
1.0693 |
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-0.14 |
-3.11 |
| EUR/GBP |
0.8459 |
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0.21 |
-2.41 |
| GBP/USD |
1.2636 |
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-0.38 |
-0.73 |
| GBP/EUR |
1.1815 |
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-0.21 |
2.47 |
| *versus Previous Day's European Open |
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Irish Economy Watch - June 2024
Consumer prices rose by 0.5% in May, amid an increase in transport and hospitality costs. However, the YoY rate stayed at 2.6%. Consumer sentiment declined, albeit marginally, for a fourth consecutive month in May. Revisions to the data show the unemployment rate averaged 4.2% in Q1’24 down from 4.5% in Q4’23. On a monthly basis, it has printed at 4.0% in Mar-May.
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Irish Housing Market Bulletin - June 2024
Renewed momentum in Irish residential property prices
Irish residential property prices experienced quite a turnaround over the course of 2023. Initially they started the year on a downward trajectory, with the CSO measure of official house prices registering monthly falls, averaging 0.3% in the first 5 months of the year, against the backdrop of rising interest rates.
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