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Asian Markets Skittish Following Fitch's US Rating Downgrade; Commodity Currencies Bear the Brunt - Vimarsana News

Asian Markets Skittish Following Fitch's US Rating Downgrade; Commodity Currencies Bear the Brunt

Market sentiment in Asia today leans heavily toward risk aversion, following the unexpected move by Fitch Ratings to downgrade US sovereign rating. Consequently, commodity currencies are grappling with strong sell-offs. New Zealand Dollar is leading the downward spiral, despite strong wage growth reflected Q2's employment data. Australian Dollar, still reeling from the aftereffects of yesterday's RBA decision, is also on a downward trajectory, breaking through key short-term support levels against both Dollar and Euro. Canadian Dollar is faring slightly better, although it's als...

New Zealand employment up 1% in Q2, wage inflation unchanged at 4.3% yoy - Vimarsana News

New Zealand employment up 1% in Q2, wage inflation unchanged at 4.3% yoy

New Zealand reported a better-than-expected employment growth of 1.0% in the second quarter of 2023, surpassing market expectations of a 0.6% rise. On the other hand, unemployment rate slightly increased from 3.4% to 3.6%, marginally above the anticipated 3.5%.

Dollar Getting a Boost from Strong ADP Data and Risk Aversion - Vimarsana News

Dollar Getting a Boost from Strong ADP Data and Risk Aversion

Dollar is making an effort to extend its near term rebound in early US session, bolstered by significantly stronger-than-expected ADP private job report. Concurrently, the greenback is finding support from the risk-off mood triggered by Fitch's unexpected downgrade of US sovereign rating, which sent global equities lower. However, Dollar's upside momentum seems far from being decisive, possibly an outcome of the typical summer trading slowdown. Yen, on the other hand, is having a slight recovery today, primarily due to exhaustion in its recent sell-off, though signs of a meaningful r...

Westford's Maddie Smith wins Massachusetts Girls Junior Amateur title - Vimarsana News

Westford's Maddie Smith wins Massachusetts Girls Junior Amateur title

Wednesday was Maddie Smith's chance to enter the spotlight - and she took full advantage. The Westford golfer captured the 90th Massachusetts Girls Junior Amateur Championship.

Ryan Downes becomes youngest winner in 115-year history of Mass. Amateur - Vimarsana News

Ryan Downes becomes youngest winner in 115-year history of Mass. Amateur

One year after coming up short in the Massachusetts Amateur final, Longmeadow and GreatHorse’s Ryan Downes wasn’t about to be denied for a second time.