The dollar index (DXY00 ) Monday fell by -0.66% and posted a 1-week low. The dollar was under pressure Monday after Moody's Ratings late last Friday downgraded the US government's credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the dollar's status...A hundred dollar bill being torn by Alona Siniehina via iStock
Dollar Weakens on US Credit Downgrade
Written on 05/19/2025