DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL Message Board

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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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From: PaperPerson	1/15/2012 4:39:08 PM
	of 4690

Euro Falls Before Debt Sale After S&P Strips France of AAA Grade Jan. 16 (Bloomberg) -- The euro weakened for a second day, reaching an 11-year low versus the yen, after Standard & Poor’s stripped France of its top credit rating and cut eight other euro-zone nations. The shared currency extended a six-week-long slide against the greenback before France sells as much as 8.7 billion euros ($11 billion) in bills today, amid concern Europe’s financial turmoil will intensify. Greece may resume talks with creditor banks this week after failing last week to agree on terms of a debt-swap deal. The Australian and New Zealand dollars fell as a drop by U.S. stocks damped demand for higher-yielding assets.

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