Forex - Asian Session: FT Reports of Potential US Ratings Downgrade
G10 Advancers and Decliners vs USD
EUR 0.60
CHF 0.48
GBP 0.23
JPY -0.17
The Usd was weaker in the Asian session, as an article in the Financial Times weight on the greenback. The EurUsd traded to 1.3720 from 1..3606,vwhile the UsdJpy traded down to 95.80 from 96.60. The Sterling has been supported by stronger than expect data, breaking decent topside levels at 1.5315. The FT report has an opinion piece by David Walker, the former comptroller general of the US ,...
FT Article Prompts USD Selling
Markets are currently stable, as participant wait for fresh news or data. Overnight, a report from the Financial Times weighed on the USD. The FT ran an opinion piece by David Walker, the former comptroller general of the US , suggesting that the US needs to take immediate action to steer clear of a downgrade in its AAA rating (re-hashing the long-term critique of US public finances). It’s...
