Weaker euro could boost small Irish exporters

A continued weakening of the euro could provide a boost to small Irish export companies, but volatility in the currency markets may still have the potential to produce trading headwinds, a leading trade expert has said.

The euro has weakened against the dollar and sterling as currency traders have become spooked on the back of rising uncertainty over the timeline of ECB interest rate hikes and concerns over energy supplies and fresh Covid waves across Europe.