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EUR/USD slips back below 1.2800

By   || September 2, 2010 at 07:11 GMT
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With UK clearer seen selling it through the figure.

Moody’s has cut ERC Ireland Finance (parent of EIRCOM) to B3 from B2, negative outlook. Moody’s says downgrade reflects concerns about likelihood of covenant breach in next 12 months. Bad news for Ireland is seemingly never far from the surface.

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