Fitch warned to downgrade six eurozone countries’ credit ratings

The U.S. dollar traded mixed against major currencies in late New York trading on Friday as the rating agency Fitch warned to downgrade six eurozone countries’ credit ratings.

The six countries are Italy, Spain, Ireland, Belgium, Slovenia and Cyprus. The warning weighed on the euro, however, the shared currency managed to clinch the level of 1.30 against the dollar on Friday as most traders cautioned that the euro might already be over-sold.

Meanwhile, economic data showed that the U.S. inflation risk was eased. The U.S. Labor Department said that consumer price index was unchanged in November, while the core rate of inflation rose 0.2 percent.

The dollar index fell 0.11 percent to 80.23 on Friday.

In late Friday trading, the dollar bought 77.87 Japanese yen, comparing with 77.91 from late Thursday. The euro rose to 1.3024 dollars from 1.3011.

Leave a Reply