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Euro extends drop vs dollar after Fitch cuts rating on Italy
March 8, 2013 / 5:23 PM / 5 years ago

Euro extends drop vs dollar after Fitch cuts rating on Italy

NEW YORK, March 8 (Reuters) - The euro extended losses againt the dollar on Friday after ratings agency Fitch cut Italy’s long-term foreign currency issuer default rating to ‘BBB+’ from ‘A-’ with a negative outlook..

The euro fell to $1.2965 on the announcement from the $1.3005 it traded at before the announcement but held off the three-month low of $1.2955 touched earlier in the global session .

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