Bloomberg News

Euro Extends Drop After Moody’s Cuts Portugal’s Ratings to Junk

July 05, 2011

July 5 (Bloomberg) -- The euro extended its drop after Moody’s Investors Service cut the ratings of Portugal’s long- term government bond dratings to Ba2, or junk, with a negative outlook. The euro slid 0.6 percent to $1.4458.

To contact the editor responsible for this story: Dennis Fitzgerald at dfitzgerald5@bloomberg.net


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