Dollar weakness overdone to start the week - Monex Europe
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Dollar weakness overdone to start the week - Monex Europe
USD A Moody’s sovereign credit rating downgrade for the US was the key market story to start the week. The news saw traders re-engage with a sell America theme, with the DXY index dropping close to 1% by midday London time, before recovering modestly through the afternoon. Even so, the greenback is still somewhat weaker as of this morning than it ended trading on Friday. To us, that is a little surprising. The decision to downgrade the US rating…
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