Euro turns down after Spain, Italy downgrades *PIC*

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Euro turns down after Spain, Italy downgrades ( 10_YEAR 2_YEAR TLT TBT BND AGG 30_YEAR UUP UDN FXE FXY DXY EURUSD ) (by Deborah Levine)

NEW YORK (MarketWatch) -- The euro turned down slightly on Friday after Fitch Ratings cut Italy's credit score to A-plus from AA-minus and Spain's rating to AA-minus. After topping $1.35 earlier, the euro (cur_eurusd) turned down to $1.3424, compared with $1.3434 in North American trading late Thursday. The dollar index (dxy) , which tracks the performance of the greenback against a basket of major currencies, traded at 78.572, paring most of the day's decline and from 78.611 late Thursday.

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