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As at Friday July 30th 2010
Dollar Weakness Continues
The Euro climbed to $1.31 for the first time in almost three months as European confidence rose to its highest level in more than two years this month and German unemployment decreased. Europe’s shared currency was headed for a 7 percent monthly rally against the dollar and 5.3 percent gain versus the Japanese Yen. An index of consumer ..........
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| Weekly Market Brief |
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| Highlights for the Week Ahead: Markets are currently very much focused on the fragility of the US economic recovery and will be looking closely at this week’s US data for any further signs that the pace of activity is slowing.... |
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| Exchange Rate Monthly |
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| June/July |
| Dollar rally meets resistance as market sentiment stabilises * Euro regains some ground but remains vulnerable * Sterling stabilises as new government takes fiscal action * Market sentiment continues to drive yen….. |
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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 Friday July 30th 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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0.93 |
1.26 |
1.63 |
1.98 |
2.56 |
3.10 |
3.57 |
| BMA Swaps |
2yr |
3yr |
4yr |
5yr |
7yr |
10yr |
15yr |
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0.79 |
1.08 |
1.38 |
1.70 |
2.20 |
2.68 |
3.16 |
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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 |
0.28 |
As At 07/29/2010 |
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| Irish Housing Market Bulletin |
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| July/August |
| The Nature of Housing Demand…… Low Irish Headship Ratios Indicative of Potential Demand: In previous bulletins we have discussed housing demand due to household formation as a result of population growth (either natural or from migration flows) ... |
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