Dear Reader,

 

Today's overview of economic news and market action: 

 

    • Muted market action for much of yesterday
    • Backdrop of pending US government shutdown loomed over proceedings
    • Dollar is marginally softer this morning in aftermath of government shutdown
    • EUR/USD opens in the upper half of $1.17-1.18
    • Elsewhere, EUR/USD remains in the lower half of 87-88p
    • Today’s data highlights are EZ inflation and the US manufacturing ISM survey
 
Continue Reading
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.177    0.36 13.69
EUR/GBP 0.8735    0.11  5.58
GBP/USD 1.3472    0.27 7.68
GBP/EUR 1.1444     -0.11 -5.29
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
Read more »
 
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.  

 

 
 
Read more »
 
 
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%.
 
Read more »