Ireland 10yr Gov Bond Yields 8.64%, EUR/USD at 50DMA, Ashraf Laidi's Take on BloombergTV

Ireland's 10-Year Government Bond yield hit a new high of 8.64% after clearing house LCH Clearnet upped the margin requirement on Irish Government bonds (read more at EUR/USD is sitting on 50-day moving average support.

Ashraf Laidi of CMC Markets on BloombergTV said Ireland budget cuts could boost the Euro, but in the long term the affect on GDP could put downside pressure on the Euro against the Canadian Dollar and Swiss Franc. Goldman Sachs thinks an IMF/EFSF bailout would "resolve current market tension and not lead to contagion" (read at Video and charts after the jump.

Ireland 10y-Bond Yield GIGB10YR:IND (

EUR/USD (Euro/US Dollar) -

EUR/USD - Short term

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