For more Forex news and information, please visit www.ufxbank.com... The Euro fell against the US dollar after Irish debt was reduced to junk by Moody's Investors Service. Moody's cut Ireland to Ba1 from Baa3 on July 12, making it the third country in the euro-area, after Greece and Portugal, to be rated below investment grade. Yields surged in Italy, pulling the euro zone's biggest debtor further into the region's financial crisis. The shared currency steadily fell each day and declined nearly 1% percent on the week. The EURUSD pair was last trading at 1.4154. The Swiss franc and Japanese Yen were the top performers against the US Dollar as investors sought a safe haven amid warnings from ratings companies about the US and Europe. This week, the USD pair declined heavily, down -1.80 percent and closing at 79.11. The Canadian dollar had a mixed week against its US counterpart, rising 1% to close at 0.9529. Earlier in the week, the CAD was viewed as a safer investment among traders, due to economic uncertainty in the US and European economies. The CAD enjoyed a late boost on Friday as well. The British Pound fell against the US Dollar on Friday after the release of US data regarding Industrial Production. Despite some stable data from the services sector, growth is still quite soft in Britain. The rampant debt crisis in Europe continues to weigh on the pair as well. Overall, the GBP/USD pair had a mixed week, but was up 0.47% and last trading at 1.6131. In commodities this <b>...</b>