Moody’s: Outlook for banks negative in France, Belgium and Luxembourg

Ratings agency Moody’s does not see a quick recovery in the European banking system. It has a negative outlook for banks in France, Belgium and Luxembourg.

EUR/USD is consolidating losses, eying commodities and equities for further cues as the money merry-go-round cranks up after a holiday weekend in the US. We trade now at 1.3903.