Risk aversion on the news has driven people into USD and JPY, which have strengthened against all major currencies. EURUSD reached 1.3210, almost making a new monthly and yearly low. We have begun to see a stalling out and small bounce from the move, but this is a large long term problem and is likely to continue to weigh on the Euro. April 27 (Bloomberg) — Greece’s credit rating was cut three steps to junk by […]