S&P downgrades France to AA from AA+, outlook stable

FXstreet.com (Barcelona) - If there wasn't enough bad news for the interest of the Euro, following yesterday's ECB rate cut, the Euro has been marginally hit ahead of the European open after Standard and Poors rating agency cut France to AA from AA+, with outlook stable from negative. S&P citing "weak economic growth prospects" in cutting France's credit rating.