Asian Session, Fitch ratings puts US on credit watch, USD unperturbed, Bank of England, pound, UK August unemployment rate

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pierreapienaar
By pierreapienaar on Wed, Oct 16, 2013 - 5:01am

Asian Session – Fitch ratings puts US on credit watch, USD unperturbed

Posted on October 16, 2013 by the XM Investment Research Desk at 7:00 am GMT

 

The main development of the session was that the rating agency Fitch Ratings put the United States on negative credit watch because of the country’s failure to raise the debt limit in a timely manner.  Despite the downgrade, the agency still believed that the debt ceiling would be raised soon.

 

discussion
pierreapienaar
By pierreapienaar on Wed, Oct 16, 2013 - 5:01am

Asian Session – Fitch ratings puts US on credit watch, USD unperturbed

Posted on October 16, 2013 by the XM Investment Research Desk at 7:00 am GMT

 

The main development of the session was that the rating agency Fitch Ratings put the United States on negative credit watch because of the country’s failure to raise the debt limit in a timely manner.  Despite the downgrade, the agency still believed that the debt ceiling would be raised soon.