Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Euro falls versus U.S. dollar after Moody's cuts France credit rating
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A structure of the Euro currency sign is seen through the window on a rainy evening in Frankfurt July 13, 2012.
Credit: Reuters/Alex Domanski
NEW YORK |
NEW YORK (Reuters) - The euro slid lower against the U.S. dollar late on Monday following the loss of a coveted Aaa credit rating from Moody's Investors Service.
The euro slipped 0.27 percent to $1.2777 against the greenback on the news. Prior to the rating action the euro was trading near a two-week high on the U.S. currency.
Moody's cut France to Aa1 and maintained a negative outlook on the credit, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects."
(Reporting by Daniel Bases; Editing by Phil Berlowitz)
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