Euro down 0.2% after Moody's rating action: FX Global Capital
Peter McGuire, Chief Market Strategist at FX Global Capital told NDTV profit that the euro has declined after Moody's, the global rating agency, downgraded six European nations. "Euro has trended lower for the third straight session. The 17-nation currency dropped 0.2 per cent to $1.3165 in early trade," he added. He further said that risk aversion has boosted the Yen and US dollar.
