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.
Credit Rating — News Archive
April 28th, 2015 at 11:04
April 17th, 2015 at 18:05
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.
December 06th, 2014 at 14:00
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.
December 02nd, 2014 at 3:33
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.
October 24th, 2014 at 20:48
The Russian ruble gained today as Standard & Poor’s reaffirmed Russia’s sovereign credit rating, alleviating concerns about a potential reduction of the grade to junk.
October 23rd, 2014 at 15:58
Woes of the Russian ruble continue as the currency extended its drop today due to concerns that Standard & Poor’s may reduce Russia’s credit rating to junk, adding to incentive for investors to avoid Russian assets.
October 20th, 2014 at 17:05
The Russian ruble sank today following Friday’s announcement from Moody’s about a downgrade of Russia’s credit rating due to the damage that sanctions from the United States and the European Union have done to the already fragile Russian economy.
August 22nd, 2014 at 13:11
The Indian rupee climbed after Standard & Poor’s praised the efforts of the country’s government to reduce the budget deficit, which may improve the outlook for India’s sovereign credit rating.
July 08th, 2014 at 13:03
The New Zealand dollar gained today as Fitch ratings raised the outlook for the nation’s credit rating from stable to positive, adding to signs that the New Zealand economy performs very well.
June 13th, 2014 at 22:20
The South African rand dropped today as Standard & Poor’s lowered the nation’s sovereign credit rating due to slow economic growth and other problems that make South African assets less attractive to investors.