The United States has been put on notice about its credit rating. Even though Congress managed to avert a default by raising the debt ceiling, some credit rating agencies have questions about what’s next. As a result, the US dollar is losing ground to its major counterparts.
Credit Rating — News Archive
October 17th, 2013 at 8:45
October 10th, 2013 at 20:06
The Mexican peso advanced today as Standard & Poor’s affirmed the nation’s credit rating and the positive outlook. The currency also rallied on hopes that US politicians will avoid potentially catastrophic default.
October 03rd, 2013 at 16:51
The Brazilian real weakened today after Moody’s Investor Service maintained Brazil’s government bond rating, but changed the outlook from positive to stable.
August 02nd, 2013 at 9:48
The Malaysian ringgit fell today and headed to the biggest weekly decline in more than a month as Fitch Rating cut the nation’s credit rating, driving investors away from the country’s assets.
July 31st, 2013 at 17:47
The Malaysian ringgit fell today as on concerns about capital outflows and cut of the country’s credit rating. Investors were selling the nation’s bonds as US Treasury yield was rising.
May 17th, 2013 at 0:12
The Turkish lira was a bit soft today even as Moody’s Investor Service increased Turkey’s credit rating, making nation’s assets more appealing to investors.
March 12th, 2013 at 22:24
The Mexican peso gained today after Standard&Poor’s confirmed the country’s credit rating and changed the outlook to positive on hopes for fiscal reforms that should improve the nation’s economy.
March 12th, 2013 at 1:35
The euro fell today, following yesterday’s gains, after Fitch Ratings downgraded Italy’s credit rating. The currency held steady against the Japanese yen and the Great Britain pound.
The Great Britain pound rose erased its losses against the dollar after reaching the lowest level since July 2010 yesterday and maintained the gains today. The currency was also strong versus the euro, but stayed weak against the Japanese yen.
The Vietnamese dong, which is one of the least valued currency in the world in terms of monetary units (after the currencies of Iran and Somalia), was little changed over the week, closing at 20,825 per US dollar. The currency has some bullish domestic factors, which may support the dong, but experiences negative influences as well. Conflicting fundamentals result in sideways movement of the currency. The World Bank said that rapid credit growth and other signs […]