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 EURUSD -0.18% turned down to $1.3424, compared with $1.3434 in North American trading late Thursday. The dollar index DXY -0.13% , 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.