US credit rating downgrade should have little direct impact on financial markets – Goldman Sachs – by anilpanchal7 Banks RatingAgencies RiskAversion NewsTrading
AUD/USD stays defensive around 0.6615-20 while licking the wounds at the lowest level in a month amid early Wednesday in the Asia-Pacific zone. The Aussie pair struggles to cheer the US Dollar’s retreat from a multi-day high while keeping the Reserve Bank of Australia inflicted fears intact. EUR/USD justifies the surprise US credit rating cut but rising to 1.1010 during early hours of Wednesday’s Asian session.
Gold begins Wednesday’s Asian session on a front foot, bouncing off the lowest levels in a week, as well as from the 200-SMA key support, as it justifies the United States government’s rate cut by the rating giant Fitch Ratings. The yellow metal pares the previous day’s heavy losses with mild gains to around $1,950. Lido DAO price has been on a downtrend since mid-July and is potentially going to continue down that path.
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