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FinMin: Irish banking sector safe and secure

By   || September 7, 2010 at 16:14 GMT
|| 9 comments || Add comment

The government stands behind it, FinMin Lenihan says. Trouble for Lenihan is that the market is concerned that the government does not have the wherewithal if Irish banks take another leg to the downside.

Also on the wires, Italy’s Tremonti says that there is no concern among EU partners on Italian public debt.

EUR/USD is rebounding modestly in early afternoon trade, now at 1.2720, up from 1.2698 session lows.

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9 Responses to “FinMin: Irish banking sector safe and secure”

  1. N on September 7th, 2010 16:42 GMT

    yep sound as a pound .. oh sorry a euro

  2. Raquel on September 7th, 2010 16:57 GMT

    hello Jamie, any news about usd/jpy billions Buy?

  3. Jamie Coleman on September 7th, 2010 16:57 GMT

    Like what?

  4. Raquel on September 7th, 2010 16:59 GMT

    about your post “Extremely large USD/JPY buying, to no avail”

  5. Jamie Coleman on September 7th, 2010 17:01 GMT

    Ok. What exactly would you like to know? I’m afraid I don’t understand the question…

  6. Raquel on September 7th, 2010 17:06 GMT

    sorry i think i read it wrong..

  7. Sid on September 7th, 2010 17:13 GMT

    jamie what do you think the likelyhood of a squeeze lower in eur/chf and usd/jpy during asia hours?

  8. Jamie Coleman on September 7th, 2010 17:16 GMT

    May need some consolidation first but no strong feeling..Chrystal ball a bit staticy

  9. Sid on September 7th, 2010 17:41 GMT

    Trend is strong…but the long term risk to reward seems appealing…stops under 1.28..my cystal ball be foggy for the longest time :)

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