Euro fell against its major counterparts on Friday, as concerns over debt problems in eurozone got renewed, after Moody’s downgraded Ireland debt rating.

EUR/USD fell to a session low of $1.4451, down 0.2 percent, during Asian trading.

Moody's cut Ireland's sovereign rating by two notches to Baa3 and left the outlook negative. It cited an expected decline of the Irish govt's financial strength and the country's weaker economic growth outlook as reasons to cut the country's sovereign rating.

The franc rose 0.05 pct against the euro to trade at 1.2924 per euro at 06:50 GMT. The franc was also buoyed by Swiss ZEW investor sentiment moving into positive territory for the first time since last August.

The British pound was also up against the euro, with EUR/GBP losing 0.01 percent to hit 0.8859. The Japanese yen also traded higher against the single currency, with EUR/JPY shedding 0.20 percent to hit 120.72.