Ireland, Portugal, And Spain Now Scaring The Euro Into Retreat

The euro slipped against the dollar in overnight trading over continuing concerns about the health of the currency union’s periphery. Ireland is the most thought of threat, but spreads on Portuguese and Spanish CDS have also been widening.

News of an ECB plan for a Greek-style bailout of Ireland brought back a bit of confidence in the currency, but there remains serious doubts about how sincere European authorities are in backing Ireland, etc. al.


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

ecb euro moneygame-us