The euro halted its rally against the U.S. dollar and the Japanese yen today as the fears that the European debt crisis will spread resurfaced after Moodyâs Investors Service reduced Greece’s credit rating.
Moodyâs reduced Greeceâs credit rating from A3 grade to Ba1 (
EUR/USD traded at about 1.2200 as of 8:54 GMT today after it opened at 1.2218. EUR/JPY dropped to 111.33 from the opening rate of 111.90.
If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.