In early New York trading, the Euro suffered a major loss, falling to its lowest point in almost three months versus the U.S. Dollar, following the Moody’s credit rating service threat to downgrade those major European banks which have significant risk exposure in Eastern Europe. According to a senior currency strategist located in Toronto, Canada, investors are looking closely at the bad news coming out of Eastern Europe, including the prospect of a prolonged recession, and the recent GDP slide in Japan’s economy.