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Australian Dollar Strong After Fitch Maintains Credit Rating

The Australian dollar was among the strongest currencies on the Forex market today, rising against all other most-traded currencies except for the New Zealand dollar. That said, the Aussie has lost its gains versus the euro at the time of writing and has been retreating from day’s highs against several others.

NZ Dollar Strongest After S&P Upgrades Credit Rating

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today after Standard & Poor’s upgraded New Zealand’s credit ratings with a stable outlook.

Japanese Yen Rebounds as Traders Turn Towards Safer Currencies

It looks like the positive market sentiment has been turning around as riskier currencies reversed their previous gains during Tuesday’s trading session, while safer ones recovered. As a result, the Japanese yen gained against almost all most-traded currencies, except for the Swiss franc — another safe-haven currency.

Swiss Franc Rallies on Slew of Bad News, Loses Gains Later

The Swiss franc rallied today amid the negative sentiment among investors. The franc is considered a safe currency, meaning that traders prefer to buy it in times of fear and uncertainty. And on Tuesday, there were plenty of news to spook speculators. Currently, though, the Swissie has lost its gains against most other rivals.

Japanese Yen Mixed After Fitch Maintains Credit Rating

The Japanese yen was mixed today after Fitch Rating maintained Japan’s sovereign credit rating. The forecasts made by the agency were not all good, though.

Euro Weak as Clash Between Italy & EU Continues

The euro was weak against most of its major currencies today due to the clash between Italy and the European Union over Italy’s budget deficit target. The shared 19-nation currency managed to gain on the Great Britain pound, which was also extremely weak due to Brexit concerns.

Turkish Lira Extends Decline on Monday

The Turkish lira continued to fall today after halting its recovery last week. For now, it looks like the decline did not affect other currencies.

South African Rand Jumps More Than 2%

The South African rand jumped more than 2% versus the US dollar today after plunging 2% on Friday. The rand reached the highest level in a month and demonstrated the biggest jump in more than eight months. The moves of the currency was a reaction to decisions of rating agencies.

Australian Dollar Steady Following China’s Rating Downgrade by S&P

The Australian dollar gained on its US counterpart today. The currency slid against other rivals intraday but is has bounced by now. Yesterday, the Aussie dropped more than 1% following China’s credit rating downgrade by Standard & Poor’s.

Chinese Yuan Stable During Friday’s Calm Trading

The Chinese yuan was flat versus the US dollar during the Friday’s calm trading session as traders were waiting for economic releases from the United States.

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