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Euro turns down on worries about Ireland *PIC*

Euro turns down on worries about Ireland ( UST10Y UST2YR TNX TYX TLT TBT BND UST30Y FXE FXY UUP UDN DXY USDYEN EURUSD ) (by Deborah Levine)

NEW YORK (MarketWatch) -- The euro turned down against the dollar in midmorning trading on Tuesday following rumors that Ireland was having trouble paying off its debt, bringing the sovereign-debt worries in the region back to the forefront. "There was a rumor of a skipped coupon payment from an Irish bank that may be associated with the euro mini sell-off," said Steven Englander, a currency strategist at Citigroup. The euro (cur_eurusd) fell to $1.4189, after rising to $1.4249 earlier and from $1.4227 in North American trading late Monday. The rumor wasn't true and Ireland doesn't have any debt payments due this week, but Irish bonds also sold off, said Andrew Brenner, head of emerging markets at Guggenheim Securities "With Irish debt getting hit hard, it gives the Irish a stronger negotiating hand," going into the highly-anticipated meeting of euro zone officials later this week, he said.