US ratings agency out with a note 9 Feb
Hurrah, large bourbon and big Macs all round !
- US stable credit profile likely to face downward pressure in long-term due to meaningful fiscal deterioration and widening federal budget deficit
Ooops, cancel that large bourbon and big Mac order.
- US economic strength and integral role in global capital markets counterbalance deteriorating fiscal position
- US rich resources, high income levels, relatively supportive demographic among other trends underpin economic strength
Make your mind up Moody's ! Adam had his take here
Get those large bourbons and big Macs back !
Meanwhile USDJPY around 109.00 still, GBPUSD 1.3830 EURUSD 1.2262 USDCAD back below 1.2600 and AUDUSD capping above 0.7830 with large 0.7800 options in play
