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Showing posts with label treasury budget. Show all posts
Showing posts with label treasury budget. Show all posts

EUR/USD Falls as Spain’s Rating Goes Down

EUR/USD angled today as Moody's Investors Service downgraded Spain's acclaim appraisement to Aa2. The account from the US weren't acceptable either as the barter antithesis and the federal account antithesis acquaint a bigger deficit, while amount of the unemployment claims increased. EUR/USD currently trades at about 1.3795.

US barter antithesis arrears widened from $40.3 billion to $46.3 billion in January. The average anticipation promised a abate arrears of $41.4 billion. (Event A on the chart.)

Initial abandoned claims added to 397k endure anniversary in the US - 26k than the antecedent week's amount of 371k. A abate access to 375k was predicted. (Event A on the chart.)

Treasury account acquaint a arrears of $222.5 billion in February, compared with the $49.8 billion arrears in January. Market participants accepted a arrears of $232.1 billion. (Event B on the chart.)