The giant Moody's Cut has created ripples around the financial world. The increasing debt issues coming out of Europe took the stage during Moody's evaluations, and as a result, the Euro has lost some strength, again. In fact, it has fallen the most in months, trading now at 1 euro to 1.256 dollars. With a 1.3 percent drop, The Euro wasn't the only hit this morning . The yen dropped .9 percent to 80.42 yen per dollar, an unexpected turn for Japanese Financiers.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...