Friday, November 30, 2012

Reuters: US Dollar Report: Euro cuts gains versus US dollar after Moody's downgrades ESM, EFSF

Reuters: US Dollar Report
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Euro cuts gains versus US dollar after Moody's downgrades ESM, EFSF
Nov 30th 2012, 21:55

Fri Nov 30, 2012 4:55pm EST

The euro pared most gains versus the U.S. dollar in late Friday trade after Moody's downgraded the credit ratings on the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF).

The ratings agency also maintained a negative outlook on ratings.

The euro traded as low as $1.2981 on Reuters data and was last at $1.2984, up 0.1 percent on the day.

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