The usual array of suspects is being cited:
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.
Trump's proposed tax bill. The bill is projected to increase the national debt by $3 to $5 trillion, raising concerns about fiscal irresponsibility and adding pressure on the dollar. It seems 'progress' is being made.
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. Read More Details
Finally We wish PressBee provided you with enough information of ( USD weakness extends )
Also on site :
- Tears and Shock: First Islander Sent Home on ‘Love Island USA’ Season 7
- A Gaza-bound aid boat carrying Greta Thunberg and other activists has been diverted to Israel
- 'Hamilton’ Original Cast Reunites at 2025 Tony Awards & Fans Are Saying the Same Thing