Exporters warn weaker euro will not boost business

AS the euro hit another new four-year low against the dollar before rallying somewhat, exporters warned the weaker currency would have little impact on sale of Irish goods and services into Britain, the key market for indigenous exporters.

Having recovered to $1.2450 against the dollar on Tuesday, the euro got sideswiped in overnight trading and fell to new lows of $1.2144.

Later in the day it bounced back in volatile trading fuelled by speculation that Switzerland’s central bank may intervene to support the Swiss franc.