US Dollar Remains Under Pressure After Moody’s Credit Downgrade
From Investing.com: 2025-05-20 05:21:00
The dollar is losing ground as risk-on momentum fades slightly, while focus shifts to Fedspeak and trade developments. The RBA cuts rates again, causing the Aussie to suffer. Gold range trades despite a constructive Trump-Putin call. Meanwhile, the dollar is under pressure once again as retail investors drive a rally from April lows. Yields are rising, with concerns over America’s fiscal situation. The focus remains on trade deals and Fedspeak, with progress being made on talks with South Korea and India. PBoC cuts LPR, awaiting Trump’s reaction. RBA cuts rates and keeps door open to more easing, causing the Aussie to lose ground.
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