The U.S. dollar is vulnerable and could fall further against the euro if the market becomes more convinced that the Federal Reserve will ease policy again, while the ECB continues to tighten. Low natural gas prices and China’s reopening support the euro, according to ING.
Dutch households spent more in November last year than a month earlier. This was revealed on Tuesday by figures from Statistics Netherlands. Households spent 2.7 percent more than in November 2021. In October, the year-on-year increase was 0.9 percent. As in previous months, Dutch households spent more on services but less on goods.
Forty percent of German companies expect sales to shrink in 2023. That is the conclusion of the Institut der deutschen Wirtschaft (IW), a Cologne-based think tank, based on its own research. High energy costs, supply chain problems and the ongoing war in Ukraine are cited as the main causes.
The 6M Euribor increased with 4 basis points to 2.81% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.86% 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.
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