Dear Reader,

 

Today's economic news and market action:

 

  • Mixed mood on markets amid choppy trading conditions to kick-off 2023 …
  • The Euro Stoxx 50 gained circa 6% last week, with the S&P 500 up 1.4% …
  • Currency-wise, the dollar was holding a firmer tone throughout the week …
  • However, the dollar came under downward pressure on Friday, erasing its gains …
  • EUR/USD starts the week just below the $1.07 mark …
  • EUR/GBP is operating in the top half of 87-88p …
  • GBP/USD is changing hands near the midpoint of $1.21-1.22 ...
  • US CPI inflation (Dec) and comments from Fed officials the highlight this week …
 
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Today's Opening FX Rates
 
      % Change
      Day* End 2021
EUR/USD 1.0691   1.69 -0.10
EUR/GBP 0.8788   -0.49 -0.63
GBP/USD 1.2162   2.18 0.54
GBP/EUR 1.1373   0.49 0.64
*versus Previous Day's European Open

 
 
 
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AIB Ireland Services PMI - December 2022
 

The final batch of AIB PMI® survey data for 2022 revealed slightly faster increases in activity and new business in December, though growth rates remained modest overall.
 
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AIB Economist's Weekly Market View - 3 January 2023
 

The Irish residential property market has been characterised by marked upward pressure on prices and rents over the past couple of years.
 
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