Strength of the dollar: A big surge in the dollar in the last quarter of 2024 has left the euro trading at about $1.03. This trend has significant implications for the euro zone and for Ireland, with the US being one of this country’s key markets for exports and investment. READ MORERelatively strong growth prospects in the US contrast with a weakening outlook in the euro zone. “This depreciation reflects a confluence of factors, including relative economic performance, monetary policy expectations and heightened geopolitical and domestic political uncertainties within the euro zone, particularly in Germany and France,” he said. This outlook for dollar strength “will have a significant impact on Ireland and the euro zone”, he said.

Source: The Irish Times January 10, 2025 09:44 UTC