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US Dollar, Dow Jones Sink as Fitch Downgrades US Credit Rating. Now What?

August 2, 2023

Via: DailyFX

The US Dollar, Dow Jones, S&P 500 and Nasdaq 100 fell after reports crossed the wires that Fitch, a key credit rating agency, downgraded the US score to AA+ from AAA. This partly reflected the “expected fiscal deterioration over the next three years”. Furthermore, Fitch also mentioned that there have been “only limited progress in tackling medium-term challenges related to rising social security and Medicare costs”.

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