Moody’s downgrades Portugal

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD GBP 0.07 EUR 0.03 JPY -0.02 CHF -0.31 Moody’s Rating agency cut Portugal’s credit rating two notches to A3 from A1, citing a weaker outlook for economic growth, risks to the government’s deficit- reduction plans and a possible need to recapitalize banks. Higher . . . → Read More: Moody’s downgrades Portugal