On Friday, Fitch Ratings downgraded Italy's sovereign debt rating by one notch to BBB+ from A- citing mainly the inconclusive results of the Italian parliamentary elections on 24-25 February which 'make it unlikely that a stable new government can be formed in the next few weeks'. Such a move by Fitch was a catch-up to other rating agencies which partially explained why the euro didn't have an aggressive sell-off on the back of this news, said Willie Williams, director of institutional derivatives sales at Societe Generale. So what does this mean for the euro going forward? "The euro is going to continue in its down ... (full story)