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Forex News – Euro under pressure after Moody’s cut Italy’s bond ratings

Posted on July 13, 2012 9:28 am GMT

Euro is under pressure, hovering near a two-year low against the dollar after Moody’s ratings agency downgraded Italy’s government bond rating by two notches to Baa2 from A3 late on Thursday night. The agency also said that further downgrading is […]

Forex Asia Review – Aussie rallies after China GDP

Posted on July 13, 2012 6:19 am GMT

Euro was steady in the Asian session, hovering near a two-year low. The single currency dipped briefly after Moody’s cut Italy’s credit rating but soon recovered some losses after China GDP data which showed it met second-quarter growth expectations.
EURUSD opened […]

Forex News – Moody’s to downgrade European banks; France risks losing AAA rating

Posted on November 29, 2011 9:07 am GMT

Europe’s banks are at risk of being downgraded by ratings firm Moody’s, with as many as eighty-seven banks in fifteen euro zone countries put on review for a downgrade.
A statement by Moody’s cited “The review has been caused by the […]