Markets see red after S&P puts US debt on negative watch

Article Image Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
CHF 0.02
GBP -0.04
JPY -0.07
EUR -0.08
The Yen gained against all major currencies on concerns of EU debt crisis to worsen and S&P changing US credit outlook to negative which is currently at AAA. S&P yesterday put the U.S. government on notice that it risks losing its AAA rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt. Also, there are speculations that the German and EU…

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