Blog Postlist

Majority of Irish exports to the US still exempt from tariffs

President Trump’s threat to impose 100% tariffs on pharmaceuticals from October 1st, albeit with a get-out clause for firms building plants in the United States, has failed to come to fruition. Rather, the White House has confirmed these tariffs have been paused, allowing time for similar deals, akin to that with Pfizer, to be concluded. […]

Dollar gives up gains

Amid a scarcity of economic data releases (partly due to the US government shutdown), the dollar threatened to break higher yesterday but was unable to hold onto its gains. This sees EURUSD back at around $1.1725 this morning having traded down to a low of $1.1680 yesterday, while similarly, sterling is trading just under $1.3450 […]

US bond yields fall on weak jobs data

Yesterday’s much weaker than expected ADP jobs report in the US looked initially like it might cause a stir in markets, but in the end the price action proved limited enough with some caution prevailing amid the uncertainly caused by the government shutdown in the US. A firming of Fed rate cut expectations on the […]

Dollar softer as US govt shuts down

Markets are relatively calm this morning notwithstanding the government shutdown in the US. The Senate yesterday failed to pass a funding bill that would have averted a shutdown, the effects of which will range from a furloughing of Federal employees to a delay to economic data releases. Government shutdowns are nothing new in the US […]

Main currency pairs treading water

The main currency pairs largely treaded water yesterday with the dollar under a little bit of pressure amid some concerns about a government shutdown in the US. The latter now seems more likely, as talks to resolve the issue didn’t appear to make much progress, one consequence of which would be to delay Friday’s payrolls […]