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As at Monday February 8th 2010
Euro Pressure Continues
The Euro continues to be weighed down by growing concerns about the Euro zone’s fiscal problems, despite the weekend’s reassurances from the Group of Seven about support for reforms in Greece..............
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| Weekly Market Brief |
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| HIGHLIGHTS FOR THE WEEK AHEAD 8 – 12 February: The highlight of the week in US will be January’s retail sales data, which are due on Thursday. Headline sales are forecast to rise 0.3% (core sales are projected to rise by 0.4%), which should go ... |
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| Exchange Rate Monthly |
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| January/February |
| Dollar consolidates New Year gains…..* Euro slips on eurozone debt concerns and dovish ECB….* Sterling benefits from euro sell-off….*Yen falls back versus USD but still sees safe haven support…. |
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| Interest Rate Comment |
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2009 to date
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| Indicative Interest Rates |
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| As at Thursday January 28th 2010 |
| 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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1.34 |
1.97 |
2.49 |
2.91 |
3.49 |
3.99 |
4.42 |
| BMA Swaps |
2yr |
3yr |
4yr |
5yr |
7yr |
10yr |
15yr |
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1.13 |
1.60 |
1.96 |
2.29 |
2.74 |
3.15 |
3.55 |
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| AIB Prime Rate |
3.25 |
As At 12/16/2008 |
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| Fed Funds Rate |
0.25 |
As At 12/16/2008 | |
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| BMA Index Rate |
0.20 |
As At 01/28/2010 |
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| Irish Housing Market Bulletin |
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| January/February |
| New Year Roundup - The start of a new year is a good time to have a brief look at the state of play in the Irish housing market. Construction activity undoubtedly remains very weak….. |
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