External broker reports(aggregated public sources), Scotiabank

Scotiabank

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>Fitch’s announcement late yesterday that it was cutting the US sovereign credit rating by one notch to AA+ caught the market by surprise.</li><li>The decision was unexpected, even though the agency had put the US on ratings watch negative back in May.</li><li>S&amp;P Global cut its sovereign rating for the US back in 2011 and was widely criticized for the decision then. The Fitch downgrade has also been criticized, with Treasury Sec.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Fitch’s announcement late yesterday that it was cutting the US sovereign credit rating by one notch to AA+ caught the market by surprise.The decision was unexpected, even though the agency had put the US on ratings watch negative back in May.S&amp;P Global cut its sovereign rating for the US back in 2011 and was widely criticized for the decision then. The Fitch downgrade has also been criticized, with Treasury Sec.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - Fitch Ratings Cut Not Fatal, but Not Good for the USD