Updated on
Summary The euro fell to $1.2623, its lowest level since August 25, 2010.
The euro fell to a 17-month low against the dollar on news reports that Frances credit rating might be downgraded by Standard & Poors.The euro fell to $1.2623 Friday morning, its lowest level since Aug. 25, 2010. The euro was worth $1.2827 late Thursday.If France were downgraded it could hurt efforts to resolve Europes debt crisis. A lowered credit rating means it could cost more to fund bailouts of heavily indebted countries like Greece.The dollar is rallying against most other currencies. The British pound is down to $1.5251 from $1.5342. The dollar is up to 76.94 Japanese yen from 76.76.
Featured
