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UPDATE 1-Speculators trim long dollar bets - CFTC and Reuters

Speculators cut their bullish bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $16.70 billi

Argentina hit by Fitch downgrade to 'CCC' from 'B'

Ratings agency Fitch on Friday downgraded Argentina's sovereign debt rating from 'B' to 'CCC,' flagging an increased likelihood of a default in the wake of a shock primary election result that plunged the country into its latest economic crisis.

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