Friday 22 May 2009

Dollar under pressure as fears grow over America's AAA rating

Telegraph
"The dollar slid to a five-month low against major currencies on growing fears America's Triple-A credit status could come also be threatened if the US fails to address its budget deficit. ...Reassurances from US Treasury Secretary Tim Geithner failed to soothe concerns, with the greenback suffering its biggest weekly fall in two months as currency investors speculated that the US could follow the UK in receiving a downgrade threat from a major ratings agency."

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