US Dollar Declines, Global Markets React to US Credit Downgrade and UK-EU Deal
US Dollar Faces Pressure from Credit Rating Downgrade The us dollar declined broadly, hitting a more than one week low against the safe haven yen. Swiss franc and Euro, pressured by a surprise downgrade of the us government’s credit rating. UK Stocks Surge as US Markets Falter Even as trade tensions, London stocks ended at a seven week high as the UK struck a wideranging deal with the European Union in the most significant reset of ties since Brexit, while a Moody’s downgrade of US sovereign credit rating reverberated across global us stocks finished near the unchanged mark, with market sentiment weakened by the downgrade of the federal government’s perfect sovereign credit rating owing to its huge debt profile Moody slashed the us sovereign credit rating, citing the government’s $36 trillion outstanding debt. Currency and Asset […]
US Dollar Declines, Global Markets React to US Credit Downgrade and UK-EU Deal Read Post »