Is the US Credit Rating Downgrade a Nothingburger?
The Breakdown
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The U.S. Dollar and the Debt Downgrade
It's not clear how much of a debt burden would cause investors to lose full faith in the credit of the U.S., says Fitch. The Dixie or Dollar index softened slightly but quickly flipped in the dip, and is still more than 2.3% higher than local lows recorded in mid-July. Hoei Chen, an economist at United Overseas Bank in Singapore said, investors are not likely to sell off treasuries and droves due to the downgrade because they are amongst the most liquid and safe assets.
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