Exchange Rates

Irish Debt Pulls Euro Lower

Posted by Scott Boyd at 9:16 am UTC, 11/25/2010

After losing a full three cents this week, the euro appears poised to continue its losing ways as investors abandon the euro over fears the debt contagion that has taken down Greece and Ireland could spread to other European countries. Early feedback on Ireland’s plan to save 15bn euros (US$20bn) through spending cuts and tax rises has been mixed.

Source: BBC News

Filed under: Forex Round Up, EUR

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