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The JPY is the strongest and the NZD is the weakest as the North American session begins

The JPY is the strongest and the NZD is the weakest as the NY session begins. The big news overnight is that after the 5 pm close, Fitch downgraded the long-term credit rating of the United States from AAA to AA+. The decision was driven by anticipated fiscal deterioration over the next three years, increasing general government debt, and a decline in governance standards over the last two decades. The downgrading reflects concerns about repeated debt limit standoffs, last-minute resolutions, a... Read More

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Posted: Aug 2 2023, 12:12

Author Name: forexlive

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