US Deficit Concerns Undercut the Dollar and Boost Gold
22/5 17:51
The dollar index (DXY00 ) Wednesday fell by -0.59% and posted a 2-week low. The dollar remains under pressure 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 as......