Euro Rises as Bailout May Prevent Spreading of Ireland’s Problems

The euro rose today on the hopes that the bailout, provided for Ireland, would prevent Ireland’s debt problems from spreading to other countries of the European Union.
The officials from the European Union and the Internationals Monetary Fund are going to meet tomorrow in Dublin to discuss the possible bailout for Ireland. It looks like the confidence in the euro increases as the actual steps to resolve the problem are taken.
EUR/USD jumped from 1.3528 to 1.3641 as of 9:58 GMT today.

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