Boost for exports as euro falls in value

The euro crisis is giving a competitive edge to Irish exports as the value of the single currency falls against the pound and the dollar.

The euro fell by as much as 0.7% to $1.2681 but recovered in afternoon trading. Against the pound, the euro slipped to 79.50 pence.

The chief executive of the Irish Exporters Association, John Whelan, said the decline in the value of the euro was benefiting our indigenous exporters, particularly as they export mainly to the British market.