7 Articles
7 Articles
Dollar Slips as U.S. Fiscal Fears Trigger Global Flight to Safety
The U.S. dollar was soft on Friday, poised to make its first weekly drop in five weeks against the euro and the yen as worries over the United States' worsening fiscal health sent investors scurrying for safe havens. After Moody's last week downgraded its U.S. debt ratings, investor attention this week has honed in on the country's $36 trillion debt pile and U.S. President Donald Trump's tax bill that could add trillions of dollars more to it. D…
Reuters reported that, after Moody's downgraded US debt last week, investors' attention has focused on debt
US Dollar Under Pressure as Fiscal Fears Outweigh Economic Data Boost - European Business & Finance Magazine
The U.S. Dollar declined on Friday, giving up gains from the previous session that had been buoyed by unexpectedly strong economic data, including upbeat Purchasing Managers’ Index (PMI) readings and lower-than-forecast jobless claims. The greenback’s brief rally was cut short as investor sentiment shifted once again toward caution, following developments in Washington and ongoing concerns over long-term fiscal sustainability. On Thursday, the H…
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