The euro fell below its $1.3 “safety net” to $1.26, after Standard & Poor’s downgraded the sovereign debt credit rating of several European nations, including France, according to an article on Wall St. Sector Selector.

France and Australia lost their risk-free “AAA” rating, while Italy was downgraded to “BBB+” and Portugal became a “BBB” credit risk, the article said. The CurrencyShares Euro Trust ETF (NYSEArca: FXE) dropped close to 1.12 percent last Friday in response.

PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) was up nearly 1 percent, and the PowerShares DB 3x Long US Dollar Index Futures ETN (NYSEArca: UUPT) saw a 2.38 percent gain, Wall Street Selector said.

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