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Marketing

Euro Falls As Italian Banks Get Rating Hit

TOKYO—The euro remained under pressure against the dollar and the yen on Tuesday in Asia in the wake of a slew of downgrades by Moody's Investors Service on Italian banks and amid continuing political uncertainty over Greece.

Moody's kicked off its long-awaited downgrades of European and global banks by docking the credit ratings of 26 Italian lenders earlier in the day.

The market's risk-taking sentiment was also dented by mostly lower regional stock markets--the Nikkei Stock Average hit a three-month low--and the release of the ...

Post je objavljen 15.05.2012. u 09:48 sati.