Dear Reader,
Today's overview of economic news and market action:
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- Mixed mood on markets yesterday …
- On the currency front the dollar remained under pressure …
- Sees EUR/USD open above $1.09 this morning …
- GBP/USD is operating at the $1.27 threshold …
- EUR/GBP is in the top half of 85-86p …
- Main highlights today will be US core-PCE (Jul) and EZ HICP (Aug) inflation ….
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Today's Opening FX Rates
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% Change |
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Day* |
End 2022 |
| EUR/USD |
1.0912 |
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0.49 |
1.96 |
| EUR/GBP |
0.8586 |
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-0.21 |
-2.92 |
| GBP/USD |
1.2707 |
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0.67 |
5.04 |
| GBP/EUR |
1.1642 |
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0.21 |
3.00 |
| *versus Previous Day's European Open |
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Irish Economy Watch - August 2023
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PMI declined to 47.0 in July, as business conditions softened for a fifth consecutive month. New orders, and output fell. Meantime, there was a further easing in price inflation
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Weekly Market Brief: 28 August - 1 September
Still Flashing Amber
Surging inflation combined with a marked tightening of monetary policy, amid an environment of weakening confidence levels and heightened geo-political tensions, especially in relation to Ukraine, saw the world economy slow sharply during 2022
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Weekly Market View
Downside Risks Still Prevail for Global Economy
Surging inflation combined with a marked tightening of monetary policy, amid an environment of weakening confidence levels and heightened geo-political tensions, especially in relation to Ukraine, saw the world economy slow sharply during 2022. However, concerns that advanced economies could be facing a recession in 2023 have largely abated.
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