BREAKING NEWS

Spain's credit rating downgraded; causes Euro drop

Fitch Ratings cut Spain's credit rating Friday, saying the Spanish government's efforts to reduce debt would weigh down economic growth.
The ratings agency dealt a blow to state efforts to shore up confidence in its finances by cutting the country's rating one notch from AAA to AA plus.
The rating cut has led to a wave of traders betting against the Euro which is expected to continue its recent decline.
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