Euro Falls After Ireland Receives Bailout

The euro dropped today after Ireland received the aid and the European policy makers ended discussion of the post-2013 bailouts. The currency was also weakened by the concerns about the Korean conflict.
Ireland received its €85 billion ($112 billion) bailout. The leaders of the European Union achieved the agreement about providing the rescue to the debt-laden countries without the requirement for the investors to share the losses with the taxpayers.
EUR/USD fell from 1.3280 to 1.3164 today as of 11:29 GMT, while EUR/JPY tumbled from 111.55 to 110.74.

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