At the first meeting of the EU Summit earlier this week, the UK Prime Minister David Cameron used his last meeting there to voice his disappointment that he failed to win his side of the referendum. However the EU leaders said there would be no turning back for the UK.Read More
Currently the Euro has strengthened which is affecting Irish Exporter margins, find out what you can do. Today’s modern economy places the exporter/importer at the forefront of an economy. Within Ireland, 51% of all economic activity in 2014 was purely exporter related.Read More
The Euro over the next month to six weeks could have a double whammy consecutively. Today the entire Forex market is expecting and aligned for a 0.25% interest rate rise from the Federal Reserve, which will take interest rates in the US to 0.375%. While the Euro has broken the $1.10 mark this week. Ultimately this is due to the ECB surprising the markets two weeks ago and the Forex market being unprepared to make any drastic movements before today’s meeting.Read More
Due to globalisation, companies whether doing business internationally or nationally are effected by currency volatility which can impact profitability.
For instance, how about losing 298 million pounds in nine months due to emerging market currency volatility. Or Swiss companies facing increasing pressure once the Swiss Central Bank allowed the Swiss Franc to float on the open market.Read More
The Yen rose for a second day in a row against the US Dollar as the machinery order stagnated in July. This brought new concerns about whether the Prime Minister Shinzo Abe will introduce the expected increase of the sales tax and to what extend will this slow down the Japanese economy. Japan’s currency rose 0.3 percent to 99.58 per dollar at 8:33 a.m. in New York. After depreciating to 100.61 yesterday, the weakest level since July 22. The Yen advanced 0.6 percent to 132.16 per euro after strengthening 0.2…Read More