Euro Weakens as S&P Puts 15 Euro-Zone Nations on Credit Review

The euro fell against the majority of its major counterparts as Standard & Poor’s put 15 euro-zone nations on watch for a credit downgrade.

The 17-nation currency traded little changed against the dollar as the ratings company said Germany and France and may be stripped of their AAA credit ratings. The 17-nation currency rose earlier after the two countries said they want a rewrite of the European Union’s governing treaties to tighten economic cooperation in the region. The pound snapped a two-day decline and Mexico’s peso was the best performer against the dollar.