Spanish Euro Debt Falls As Low As Possible

Credit agency Moody’s is currently investigating the situation in Spain could be the next country, which has the status of its debt downgraded again feeds the fears of contagion and instability in the region. Now, the rating is still ranked significantly higher than in Italy, Portugal and Greece, despite the concerns for growth and long-term balanced budget could threaten this position. The euro fell yesterday after the notification of the assessment, Moody, near lows around $ 1.4281. The common currency has weakened the Swiss franc and Japanese yen, as well. The Spanish and Italian bond prices have fallen due for revision soon.
U.S. market prices also regrettable that the vote under a plan to increase the debt limit of the country has been delayed. S & P 500 fell 0.5% to 0.3% yen climed 77.46 per dollar. The dollar fell 0.3% last week, hitting a total loss of 1.5% last month.