Moody’s cuts France’s top credit rating to ‘Aa1′

here we go  France ’s top credit rating was downgraded as expected by distrusted Moody ’s. what do we expect from this Moody ’s na palaging huli parang kapulisan ng pinas saka lng dumating pagtapos na ang pangyayari ? 50 pips for eurusd after the downgrade is nothing…If I were the market player better long euro above Asian market low and buy cac on weakness at opening. If it is really alarming the Asian market should have reacted wildly. For EU it only adds to the inflicted wounds…