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As at Friday January 2nd 2009
Euro Falls as First Economic Data of 2009 Show Economic Slump is Deepening
The euro fell against the dollar and the yen after a European manufacturing report showed recession is deepening in the 16-nation region.
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| Weekly Market Brief |
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| HIGHLIGHTS FOR THE WEEK AHEAD 5TH – 9TH JANUARY 2009: Markets continue to look at the factors that were the prime driving forces towards the end of 2008, searching for indications of: the depth and duration of the recessions in the major econom... |
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| Exchange Rate Monthly |
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| December/January |
| Dollar sees upside resistance as US outlook worsens * Euro finds floor at $1.25 as ECB gets aggressive on rates * Sterling worst performer as outlook for UK continues to deteriorate * Yen still currency of choice as deleveraging dominates |
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| Interest Rate Comment |
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2008 Summary
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| Indicative Interest Rates |
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| As at Monday January 5th 2009 |
| Libor Settings |
1m |
2m |
3m |
6m |
12m |
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0 |
0 |
0 |
0 |
0 |
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| Libor Swaps |
2yr |
3yr |
4yr |
5yr |
7yr |
10yr |
15yr |
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1.79 |
2.12 |
2.34 |
2.52 |
2.78 |
3.00 |
3.22 |
| BMA Swaps |
2yr |
3yr |
4yr |
5yr |
7yr |
10yr |
15yr |
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1.69 |
2.01 |
2.25 |
2.43 |
2.68 |
2.95 |
3.28 |
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| AIB Prime Rate |
3.25 |
As At 01/05/2009 |
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| Fed Funds Rate |
0.25 |
As At 01/05/2009 | |
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| BMA Index Rate |
1.25 |
As At 01/05/2009 |
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| Irish Housing Market Bulletin |
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| December/January |
| FURTHER IMPROVEMENT IN AFFORDABILITY CONDITIONs: Affordability conditions have been further improved with today’s (4th December) decision by the ECB to slash official interest rates by another 0.75%....... |
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