Greek Credit Rating Pulls Euro Down

The euro had a weak performance today losing versus the greenback and the dollar after Greece credit rating was downgraded by a financial agency, bringing risk aversion up in European stock markets.
After Greece’s rating second downgraded by Standard and Poor’s this year, the euro was deeply affected as concerns that several member countries using the common currency will still face complications in 2010, declining attractiveness for the euro that touched a two month low versus the U.S. dollar this Thursday.
EUR/USD traded at 1.4347 as of 20:19 GMT from a previous rate of 1.4517 in the intraday comparison.

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