Euro falls as S&P warns of 15 euro zone sovereigns

NEW YORK: The euro slipped against the US dollar in late trade on Monday after ratings agency Standard & Poor's placed its long-term sovereign ratings on 15 euro zone countries on CreditWatch negative.

The euro last traded at $1.3385, down 0.1 percent on the day, near a session low of $1.3374 on Reuters data.

The market reaction was limited to an extent because comments from EU officials and media reports had earlier suggested that the ratings agency was prepared to make such an announcement.