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Dollar Retreats on US Deficit Concerns

Foreign Exchange & Fixed Income

Rich Asplund

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May 21, 2025

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Barchart

The dollar index (DXY00 ) is down by -0.60% and fell to 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...

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