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ForexLive Asia-Pacific FX news wrap: Fitch Ratings downgrades the US to AA+ from AAA

DOWNGRADE:Fitch downgrades USA long-term credit rating to AA+ from AAAHere is what happened in markets the last time the US was downgraded: Stocks, FX and goldFitch placed USA on negative watch back in May, now has cut the US rating from triple AEUR/USD spiking higher, USD/JPY lower after US rating downgradeUS equity futures have dropped, hard, upon reopening after the downgradeSenior Biden admin official says Fitch downgrade of the USA is baseless and bizarreMohamed El Erian says Fitch downgra... Read More

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Posted: Aug 2 2023, 03:50

Author Name: forexlive

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