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Fitch'in credit rating agency, after Spain's credit rating down the dollar against Europe's common currency, the euro rose.


Fitch'in Madrid government's budget deficit to take austerity measures to reduce damage to the growth of the country because of the Spain's AAA credit rating is AA + 'or lowered. Following this development, the dollar Thursday against the euro closed at 1.2354 level, the level declined to 1.2266 on Friday.

Experts note from downloading of Spain in Europe, raising concerns that the debt crisis and the dollar as safe haven for investors, they drew attention to the orientation.

U.S. New York Mellon bank analyst Samarjit Shankar, "Last week, many of the country credit rating drop we've seen, but Spain's note sale, investors euro zone problems in a long time, people will continue for the concern he repeated," he said.

POSITION WILL CONTINUE AGAINST EURO

Shankar, "The speed of the decline in the euro recently, although a decrease of investors to take positions against Europe's common currency is necessary for several reasons. Euro against the dollar dropped to its lowest in the last four years comes among them, "he said.

Shankar, recently describing successive austerity policy in the euro zone countries for follow up of these policies is not conclusive evidence suggests, he added.

US-based director of currency research firm Global Forex Trading Kathy Lien, "Fitch'in decision is no doubt that the euro and other risky assets at the beginning of this month, causing huge loss of value of the uncertainty of life will improve," he said.

U.S. stock markets were AFFECTING

This decision comes after the closure of Fitch'den European stock exchanges, U.S. investors of the problems of the global economic recovery in the euro area in the form of damage caused to interpret.

U.S. stock markets Friday with the loss of value on the day and closed down 1 percent.

Dow Jones Industrial Index, the percentage of 1.2 meters with a drop, to 10,135.37 points, while Nasdaq dropped nearly 1 percent. S & P 500 index, the percentage of the day 1:24 'luxury closed with the loss of value.

On the other hand, another credit rating agency Standard & Poor's, April 28 in Spain's long-term credit rating of AA + from AA was reduced to hold a negative view of the country that had made notes.

According to the classification rating AAA, AA, AA +, AA-, A + to invest 'most reliable' means country.