Dollar Weakens After US Credit Downgrade, Aussie Recovers Before RBA

Reported about 11 hours ago

The U.S. dollar fell to a ten-day low against several currencies following a surprise downgrade of the U.S. government's credit rating by Moody's, which raised concerns about the country's growing debt. This decline comes as markets are also dealing with trade tensions and uncertainty surrounding U.S. economic stability. Meanwhile, Australia's dollar slightly rebounded ahead of the Reserve Bank of Australia's policy announcement, where a rate cut is widely anticipated.

Source: YAHOO

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