U.S. Dollar Takes a Hit Amid Credit Downgrade and Trade Tensions ...Middle East

The U.S. dollar experienced a decline to a one-week low against the yen on Monday, as the market reacted to Moody's unexpected downgrade of the U.S. government's credit rating and ongoing trade tensions. The Australian dollar, however, showed signs of recovery after multiple days of losses as traders anticipated Australia's Reserve Bank policy announcement.

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