Euro hits day's low near $1.44 on Portugal downgrade

NEW YORK, July 5 Tue Jul 5, 2011 2:44pm EDT

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NEW YORK, July 5 (Reuters) - The euro hit a session low near $1.44 on Tuesday after Moody's move to cut Portugal's credit to "junk" status left investors worried that Greece may not be the only euro zone state to need more emergency aid.

The euro fell as low as $1.4401 EUR=, according to Reuters data -- its lowest level in the last four trading sessions. It last traded at $1.4417, down 0.8 percent on the day.