The euro gives up a handful of pips, now buying $1.3390 following the S&P release. The...

|By:, SA News Editor

The euro gives up a handful of pips, now buying $1.3390 following the S&P release. The currency's big dip occurred earlier this afternoon as it sank from $1.3455 to $1.3400 in the moments following the first reports of possible ratings action. The beleaguered EU economies will surely welcome the dip.