The dollar fell against most major currencies during trading yesterday, Monday, affected by Moody’s decision regarding the credit rating of the United States.
Wall Street fell under pressure following a sudden decision announced by Moody's after the US market closed last Friday, as it decided to lower its outlook for the US credit rating to negative from stable, explaining that the high interest rate and the absence of effective measures to address the fiscal deficit constituted Put pressure on the country
This week, the markets are awaiting the release of consumer and producer inflation data in the United States, in addition to the approaching end of the season for announcing corporate business results.
In terms of trading, the dollar index declined by 21:24 GMT by 0.2% to 105.6 points, recording the highest level at 105.9 points and the lowest level at 105.5 points.
Australian dollar
The Australian dollar rose against its US counterpart by 21:58 GMT by 0.3% to 0.6376.
Canadian dollar
The Canadian dollar settled negatively against its US counterpart by 21:58 GMT at 0.7243.
