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A more cautious mood after Fitch cuts US credit rating

Equities are certainly reserving caution so far today and there is a slight bid in bonds as well. In FX, the reaction is rather muted though but perhaps it may take some time for traders and markets to digest what is happening.In any case, I want to say that the context of the credit rating cut by Fitch also matters. And this isn't a similar story to what we saw when S&P downgraded the US credit rating back in 2011. I would say this time around a downgrade isn't one that is out of the blue, cons... Read More

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Cautious

Mood

After

Fitch

Cuts

Credit

Rating

Forex

Posted: Aug 2 2023, 04:38

Author Name: forexlive

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