© Reuters. The US dollar held its ground today, as investors digested Federal Reserve Chair Jerome Powell’s recent comments on the ongoing rate hikes and their impact on the economy. This stability comes against the backdrop of Moody’s (NYSE:) decision to downgrade the US sovereign credit rating, citing political and governance concerns. The market is
© 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
© Reuters. Investing.com — Most Asian currencies fell on Wednesday after Fitch cut the U.S. government’s sovereign rating, although the dollar was little changed, retaining most of its recent gains on strong economic data. Fitch trimmed the U.S.’ rating to AA+ from AAA, citing concerns over stretched fiscal spending in the coming years, as well
US Dollar, Dow Jones, Fitch US Credit Ratings Downgrade – Market Update: US Dollar, Dow Jones fall after Fitch lowers US credit rating Fiscal deficits, social security, aging population woes outlined Financial markets turn risk-averse heading to Wednesday trade Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar, Dow Jones, S&P 500
