Euro's Next Move In The Hands Of The Eurogroup

So far, it looks like most investors have shrugged off first-hand France losing its coveted triple A credit rating late Tuesday. Global equities have weakened only modestly or if at all. Throughout the overnight session, the EUR has managed to recover most of its initial losses. Even the French government bonds were little changed, as markets wait for any tidbits from the scheduled Euro-zone finance ministers meeting later today.