This week looked good for the euro as Forex traders felt a little less concerned about the situation in Europe, but then Standard & Poor’s came in and spoiled traders’ mood.(...)
Read the rest of Euro’s Rally This Week Takes Hit from Standard & Poor’s (145 words)

The Australian dollar jumped against the euro after Standard & Poor’s harmed sentiment about Europe by cutting credit ratings of European countries. The Australian currency managed to erase losses against the US dollar and the Japanese yen despite the resulting pessimism.(...)
Read the rest of EUR/AUD Slumps to Record Low After S&P Hurts Outlook for Europe (199 words)

The Canadian dollar ended the last trading session down against the US dollar and the Japanese yen, but up versus the euro, as Standard & Poor’s downgraded credit ratings of various European countries, including France, but excluding Germany.(...)
Read the rest of CAD Drops vs. USD, Rises vs. EUR as S&P Downgrades European Ratings (111 words)