//
Some analysts believe that the country could be the next to be downgraded following Standard & Poor's decision to slash the US's debt rating.
This is despite the fact that both Fitch Ratings and Moody's have reiterated their confidence in the French economy by maintaining its AAA rating and suggesting that the financial outlook for the country is stable.
Speaking to Reuters about the poor performance of the euro and continuing fluctuations in the Forex market, Mark McCormick, currency strategist at Brown Brothers Harriman, said: "Markets are still a little bit nervous and there is still pretty high correlation between the equity markets and movements in the currency market."
Meanwhile, the dollar continued to lose value against the yen, almost reaching the record low it achieved in March of this year.
Recently, Forex traders saw the Swiss franc cement its reputation as a currency safe haven by continuing its upward journey in terms of value.
Posted by Greg Secker
