FED RATES VERY MUCH ON HOLD: As expected, the US Federal Reserve kept its key interest rate, the Fed funds rate, in a target range of 0 to 0.25 per cent at the conclusion of its FOMC policy meeting yesterday.…..
While off yesterday’s best levels at $1.42, the euro has started the day trading above $1.41 versus the dollar following positive moves in stocks on the back of some better than expected US data. . .
It may be a holiday shortened week in the US but there are still plenty of data releases to capture the attention… * n the eurozone, the ECB meets makes its monthly policy announcement on Thursday, with no change in official rates expected…* In ...
‘GREEN SHOOTS’ LESS EVIDENT IN DOMESTIC ECONOMY: While evidence of the emergence of green shoots in the international economy continues to build, last week saw a number of reports that emphasised the scale of the problems still facing the Irish...
EXCHANGE RATE OUTLOOK - 18TH JUNE 2009: ***USD safe haven status eroded as global economy stabilises***But euro rally meets resistance at $1.45***Sterling recovery continues as UK economic outlook improves***Market appetite for risk still main ...
EMPLOYMENT AND CONFIDENCE CRUCIAL FOR HOUSING DEMAND: In the absence of any statistics on house sales, mortgage lending data are the best available indicator of the strength of Irish housing demand. These highlight the current difficulties being...
ECB WATCH - ECB RATES ON HOLD AT 1%: As expected, the European Central Bank left its refi rate unchanged at 1% today, having already reduced this key official interest rate by a total of 3.25% between October and May. . .
