Fitch Ratings has affirmed the United States’ Long-Term Foreign-Currency

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Fitch Ratings has affirmed the United States’ Long-Term Foreign-Currency (LTFC) and Local-Currency (LC) Issuer Default Ratings (IDRs) at ‘AAA’ and revised the Outlooks to Negative from Stable.

US President Trump suggested delaying this year’s presidential election.He does not have the power to do so, and any delayed would need to be approved by Congress. indicating that postal voting could lead to the some dishonest kind

The number of new corona-virus cases in the country seems to have stabilized at around 60K new cases per day. The death toll in the country has reached 158000 according to Sunday morning figures.

The EUR/USD pair traded as high as 1.1908 and settled at 1.1780, with the shared currency affected by a record GDP contraction of 12.1% in the second quarter of the year.

Commodities and other markets development :

US indexes were sharply down for a second consecutive week. Treasury yields remained depressed and near record lows. Yields for the 3-year note and the 5-year note hit all-time lows, while that on the 10-year note plunged to 0.52%, a four-month low.

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The china on the other side wont allowing US to Come back on track,few recent developments need to watch ahead in the US-China


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