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Euro broke through $ 1.2500 level, accelerating decline rates, and noting with a minimum value in June 2010 at around $ 1.2460.
The agency Egan-Jones today downgraded the sovereign debt rating of Spain from BB-to B forecast remains negative.
As the agency commented, "Spain will inevitably face the need to provide financial support to the national banking sector and the weakest provinces. Assets of the two largest banks in the country exceeds the size of its GDP. We downgrade our rating to" B "and we carefully monitor new requests for assistance from the banks. "
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