empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

09.01.201918:09 Forex Analysis & Reviews: Fitch may downgrade the US rating

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.01.2019 analysis

The international rating agency Fitch reported that it could lower the sovereign credit rating of the United States triple-A (AAA) due to the suspension of the work of the federal departments of the US administration.

Fitch CEO James McCormack stressed that if the work of the federal departments does not resume until March 1, then in a few months this will create problems associated with the national debt ceiling.

Since the end of last year, a number of US federal agencies have suspended work due to lack of funding. The Republican and Democratic parties are unable to agree on a budget due to disagreements over the construction of a wall on the border with Mexico.

The current situation calls into question optimistic forecasts of investment banks and the US government regarding the development of the country's economy in 2019. At the same time, the consequences of a slowdown in US economic growth will negatively affect the entire global economy, including the Russian one, which will cause additional pressure on the national currency rate.

Roman Agafonov
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off