Credit Rating — News Archive

Brazilian Real Underperforms as Fitch Cuts Credit Rating

The Brazilian real was underperforming compared to other Latin American currencies on Thursday as Fitch ratings reduced Brazil’s sovereign credit grade. The currency still managed to erase its losses but was unable to demonstrate the same strength as its peers.

Brazilian Real Drops amid Political Uncertainty

The Brazilian real dropped against the US dollar today as political uncertainty and turmoil in the country were not helping to make the currency attractive to overseas investors.

Hungarian Forint Gains vs. Euro, Falls vs. Dollar

The Hungarian forint rallied against the euro on speculations that Standard & Poor’s is going to upgrade the outlook for the nation’s credit rating (though it has basically lost its gains as of now). The currency also attempted to rally versus the US dollar but failed.

Yen Dips as S&P Downgrades Japan

The Japanese yen dropped against other most-traded currencies today as Standard & Poor’s reduced Japan’s sovereign credit rating due to disappointment in the policy makers’ attempts to revive economic growth.

Australian Dollar Weakest Since 2009 vs. US Counterpart

The Australian dollar dropped more than 1 percent today, reaching the lowest level in more than 6 years against its US counterpart. The reason for the slump was the depressing manufacturing data from China.

Euro Bounces During Monday’s Volatile Trading

The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop.

Yen Attempts to Rally vs. Dollar Despite Credit Rating Cut

Fitch Ratings downgraded Japan’s sovereign credit rating yesterday. Despite the negative news, the Japanese yen is trying to rally against the US dollar today. Against other major currencies, like the euro and the Great Britain pound, the yen is weak.

Euro Struggles to Keep Upward Momentum

The euro was trying to continue its march upward during the Friday’s trading session but had troubles due to the concerns about the wellbeing of the eurozone and Greece in particular.

Euro Ends Week with Losses vs. Dollar, Mixed Against Other Currencies

The euro demonstrated big losses against the US dollar this week, falling to the lowest level in more than two years. The euro’s performance against other currencies was mixed: the shared 18-nation currency ended the week lower against the Great Britain pound, flat versus the Australian dollar while against the Japanese yen, the euro reached a new multi-year high.

Yen Gains, Under Pressure from Credit Rating Downgrade

The Japanese yen rallied yesterday and maintained its gains today. The currency was under pressure after Moody’s Investor Service decided to cut Japan’s credit rating on Monday. The yen remained soft against the Great Britain pound.



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