MW: Euro falls under $1.25 after Spain cut; bonds down
By Deborah Levine
NEW YORK (MarketWatch) -- The euro turned down sharply on Tuesday, falling under $1.25, after reports that Egan Jones downgraded Spain's credit rating to BB- from B. Analysts at GFT and TD Securities noted the move coincided with the downgrade. The euro EURUSD -0.4849% fell to $1.2482, back near its loest in almost two years and versus $1.2540 Monday. The dollar index DXY +0.38% , which measures the greenback against a basket of six major currencies, advanced to 82.489, from 82.228 in North America late on Monday. Yields on 10-year notes 10_YEAR -1.44% , which move inversely to prices, fell 3 basis points to 1.72%.
