Already down sharply by midday, the euro fell further below $US1.25 after Egan-Jones Ratings cut Spain's credit score for the third time in less than a month, saying the need to support Spanish banks was putting new strains on public finances.
Read more: http://www.smh.com.au/business/markets/euro-hit-by-spain-woes-facebook-drops-20120530-1zhvo.html#ixzz1wIHeMiEP
