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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    After downgrading the credit rating in America, the dollar is falling apart

    Rocky
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    • Post n°1

    After downgrading the credit rating in America, the dollar is falling apart Empty After downgrading the credit rating in America, the dollar is falling apart

    Post by Rocky Wed 02 Aug 2023, 4:27 am

    [size=52]After downgrading the credit rating in America, the dollar is falling apart[/size]
    • Today 11:06




    After downgrading the credit rating in America, the dollar is falling apart 9e1e1b42-7568-4ed6-842d-8a9da3caa4d8
      Information / Baghdad..
    The dollar fell on Wednesday, after Fitch's decision to downgrade the credit rating of the United States raised questions about the country's financial outlook, but it got some support from a series of relatively strong economic data.
    Fitch lowered the US rating to AA+ from AAA, in a move that sparked angry reactions from the White House and surprised investors, especially as it comes two months after reaching a solution to the debt ceiling crisis.
    That pushed the dollar down against the euro's rise to about $1.10. The single European currency rose in the latest trading by 0.11 percent to reach $ 1.0996, after earlier touching its highest level in the session at $ 1.1020.
    The pound sterling rose 0.05 percent to $1.2782, while the US dollar index rose in the latest trading by 0.09 percent to 102.09 points, after falling significantly in the wake of Fitch's decision.
    "We don't think Fitch's decision is material. Certainly, we saw the market move a little bit this morning...but in the near term, I don't think It will be a long-term driver."
    The dollar also got some support from economic data released on Tuesday, which showed that employment opportunities in the United States remained at levels consistent with tightening labor market conditions, even as they fell to the lowest level in more than two years in June.
    The Japanese yen rose 0.1 percent at 143.21 per dollar, erasing some of its gains made earlier in the morning, Wednesday.
    The Australian dollar rose 0.12 percent to $ 0.6621, recouping some of the losses it suffered after a sharp decline of 1.57 percent in the previous session, after the Reserve Bank of Australia kept interest rates unchanged on Tuesday.
    The New Zealand dollar fell 0.23% to $0.6136, after data on Wednesday showed that the country's unemployment rate hit a two-year high in the second quarter.End25
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