One currency the dollar loses due to the speculation that a bailout of Ireland is inevitable. This is despite a surprising rally cover short positions Irish bonds on news that the mechanism of crisis management, offered Europe will not be applied to existing debt and will not enter into force before 2013. Despite the denial of Irish and other European officials, it is believed that Finance Minister Lenihan asked his European colleagues to let troubled Irish banks seek to EFSF (European Financial Stability Fund) for assistance. Despite the obvious problems of the periphery of Europe, it is interesting that the euro does not look worse in relation to other major currencies (except the dollar). If Ireland to ask for help will be interesting to see how to behave in euros. There are fears that the focus can switch to a Portuguese problem. This story will be many more chapters.
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