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Daily Video Recap: Euro Sold on Ireland Debt Concerns 08/11/2010
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We start this week with the Euro being pressured as a result of widening spreads on Irish government bonds and rising credit default swaps. There are concerns that Ireland will not be able to meet its deficit reductions and will have to tap the EU Stabilization Fund. That would be a negative Euro event, and has the Euro already on the back-foot to start the week.