Market Information Wednesday 7 February 2024

The euro was slightly weaker against the dollar on Tuesday, with the dollar sustained by strong macro-economic data. Analysts cited strong U.S. services sector purchasing manager indexes as a reason for a stronger dollar and noted that February is typically a strong month for the dollar. Meanwhile, other strategists question how long the dollar strength can last, suggesting the rally may be nearing an end.

German factory orders saw an unexpected significant rise in December, growing by 8.9 percent month-on-month – contrary to analysts’ expectations of a 0.5 percent decline – and increased by 2.7 percent year-on-year.

Retail sales in the eurozone decreased in December, with a month-on-month decline of 1.1 percent after a 0.3 percent increase in November, and a year-on-year drop of 0.8 percent.

The 6M Euribor increased with 7 basis points to 3.91% compared to previous business day. The 10Y Swap decreased with 3 basis points to 2.67% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.