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21.08.2017 14:09

Icelandic Economic Weekly: Monday 21 August 2017

Last week's highlights

Statistics Iceland released its quarterly labour force survey.

Íslandsbanki released H1 results.

The week ahead

We expect that the MPC will decide to keep policy rates unchanged at its meeting on Wednesday.

Earnings season is underway with 11 companies on the stock exchange reporting. Arion Bank is also set to report this week.

Markets 21 August 2017

Macro Overview 21 August 2017

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Overview of the Icelandic FX market

At the end of day on 24 October, the euro stood at ISK 124.2. The euro has hovered around ISK 125 since the first half of August. Since the beginning of this year, the euro has risen by 4.3%. There have been but negligible changes to the USD exchange rate since the latter part of June and the USD has cost around ISK 105 since then. Since the beginning of this year, the USD has fallen by 6.7%.

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The contents published here were produced by employees of Landsbankinn Economic Research and are based on information available to the public when the analysis was compiled. Assessment of this information reflects the views of Economic Research’s employees on the analysis date, which may change without notice. | Full disclaimer