Monetary Baseyy Jul News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

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...