Two notch downgrade for Ireland

Friday, 15 April 2011 10:53

Ireland was downgraded by Moody’s Investor Services by two notches to Baa3 Baa1, possibly causing EUR/USD to dip down by 17 pips from 1.4468 to 1.4450 in the space of less than 5 minutes. EUR/USD is currently trading at 1.4492, gaining strength from its opening level.

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