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Currencies – Euro Drops as Moody’s Cuts Ireland’s Credit Rating

Posted on: April 15, 2011

The euro went down today after Moody’s Investors Service downgraded Ireland’s credit rating, fueling worries that debt problems will cripple the peripheral economies of the European Union. Moody’s lowered Ireland’s rating by two notches from Baa1 to Baa3, one notch above the so-called

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