EUR/USD: Concerns About Uncle Sam's Debt - News Bulletin 247

EUR/USD: concerns about Uncle Sam's debt - News Bulletin 247

(BFM Stock Exchange) – This article, with free access, is produced by the research team in BFM Stock Exchange analysis and market strategy. To not miss any opportunity, consult all of the analyzes and discover our portfolios by accessing our privilege space. The intense questions on the US budgetary file weigh on the dollar. So certainly the markets of the markets did not await the decision of the Moody’s agency to degrade the sovereign American…

Bearish Sentiment Weighs on the Dollar

The dollar index (DXY00 ) Tuesday fell to a 1-1/2 week low and finished down by -0.32%. The dollar remains under pressure after Moody's Ratings late last Friday downgraded the US government's credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

According to Reuters agency follow-up, oil fell this Monday as well for the reduction in Washington's sovereign note.

The dollar drops on a ratings downgrade - Monex Canada

CAD USDCAD continues to struggle for direction to start the week, with the pair trading in the mid-1.39s. While a light calendar of events suggests this is unlikely to change today, tomorrow’s inflation data should be more consequential for the pair. Consensus expectations predict a sharp drop in price growth readings, with all items CPI seen falling from 2.3% in March to just 1.6% in April. That said, these also forecast unchanged underlying in…