USD weakness extends ...Middle East

Moody’s downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing concerns over rising federal debt and persistent fiscal deficits. It may yet have further US bond market implications.

Ongoing trade tensions, including potential new tariffs and discussions at the G7 finance ministers meeting, have created additional uncertainty.

This article was written by Eamonn Sheridan at www.forexlive.com.

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