US bank stocks slump on Fitch downgrade warning, 10-year US yield turns south

Share: Fitch Ratings analyst told CNBC on Tuesday that the agency could downgrade several big lenders, including JPMorgan, as reported by Reuters.  The financial-heavy Dow Jones Industrial Average opened in negative territory following this headline and was last seen losing 0.6% on a daily basis. Reflecting the poor performance of bank stocks, the

Asia FX weakens as strong payrolls buoy dollar past Fitch downgrade By Investing.com

© Reuters. Investing.com — Most Asian currencies retreated on Thursday, while the dollar rose after stronger-than-expected payrolls data helped overcome concerns over a U.S. rating downgrade by Fitch. Markets remained largely risk-averse after the Fitch move, which kept Asian units under pressure and spurred more safe haven demand for the greenback. Risk-heavy currencies such as

BoJ Minutes, US Credit Downgrade Cools Yen Selloff

Japanese Yen (USD/JPY, EUR/JPY) Analysis The yen claws back some losses after BoJ minutes and clarity from Deputy Governor Uchida on the intention of recent yield curve adjustment USD/JPY heads lower after BoJ meeting and US credit downgrade EUR/JPY advance stalls ahead of potential triple top The analysis in this article makes use of chart

Dollar shrugs off Fitch’s U.S. credit rating downgrade By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Rae Wee and Harry Robertson LONDON/SINGAPORE (Reuters) – The dollar barely budged on Wednesday as investors shrugged off Fitch’s downgrade of the U.S. credit rating, although the yen made up ground against the U.S. currency as

US Ratings Downgrade Burns Pro-Growth Aussie

AUD/USD & AUD/NZD ANALYSIS & TALKING POINTS Ratings downgrade favors low risk USD. ADP employment change in focus today. Double top neckline breach on daily AUD/USD. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar’s pain has been increasing against the US dollar after ratings agency Fitch downgraded