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A light one on the data docket in Europe today

In case you missed the news earlier, Fitch moved to downgrade the US credit rating from AAA to AA+ here. It is the first of such big news since 12 years ago when Standard and Poor's did the same. Here's the market reaction so far:S&P 500 futures -0.5%US 10-year yields down 1 bps to 4.037%USD/JPY down 0.2% to 143.00EUR/USD flat at 1.0981As you can see, it's a rather muted reaction in FX as the dollar is little changed in general. Instead, Asian equities are the ones being beaten down the most wit... Read More

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Posted: Aug 2 2023, 04:58

Author Name: forexlive

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