-
How Will Currencies React to the Credit Downgrade?
The question above is tough. The historic downgrade of the US by S&P is set to aid some currencies against the dollar, while others will suffer. One thing is certain: the week will open with a storm. Here are estimates on 7 currency pairs, assuming that policymakers around the world will not act in extraordinary ways. The credit downgrade was expected, and doesn’t reflect all the big three: Moody’s and Fitch left the perfect AAA rating unchanged. On the other hand, the downgrade is a precedent, and affects the benchmark of global bonds and money markets, that don’t have many places to go to. An immediate ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 7, 2011 4:54am Aug 7, 2011 4:54am
- Jolly Roger
- | Joined Jun 2011 | Status: Member | 1468 Comments
- Comment #2
- Quote
- Aug 7, 2011 6:08am Aug 7, 2011 6:08am
- Guest
- | IP XXX.XXX.2.44
- Comment #3
- Quote
- Aug 7, 2011 8:01am Aug 7, 2011 8:01am
- Gude 3
- | Joined Jul 2007 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Aug 7, 2011 11:16am Aug 7, 2011 11:16am
- Guest
- | IP XX.XXX.253.195
- Comment #5
- Quote
- Aug 7, 2011 12:21pm Aug 7, 2011 12:21pm
- funzodundee
- Joined Mar 2010 | Status: Member | 54 Comments | Online Now
Contrarian All Time Return:
27.4%
- Comment #6
- Quote
- Aug 7, 2011 12:51pm Aug 7, 2011 12:51pm
- Guest
- | IP XXX.XXX.10.220
- Comment #7
- Quote
- Aug 7, 2011 1:45pm Aug 7, 2011 1:45pm
- Yohay
- Joined Aug 2008 | Status: Member | 159 Comments
- Comment #8
- Quote
- Aug 8, 2011 8:44am Aug 8, 2011 8:44am
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments