TAKE-A-LOOK: US dollar at 2009 low, supporting commodities
The U.S. dollar fell to a 2009 low on Friday as fears intensified that the United States could lose its triple-A rating, supporting dollar-priced commodities and boosting resource related shares.
The dollar's latest decline started when ratings agency Standard & Poor's cut its ratings outlook on Britain to negative from stable, stoking fears other AAA-rated countries which are running huge debt levels could share a similar fate.
Moody's Investor Service said on Thursday it was comfortable with its triple-A sovereign rating on the United States but that it was not guaranteed forever.
To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-US dollar at 2009 low, supports commodities [ID:nLM430397] > MONEY MARKETS-Dollar costs at new lows, spreads steady [ID:nSP477955] > EMERGING MARKETS-Rebound on weak dollar, strong commodities [ID:nLM457040] > COMMODITIES-Oil above $61 as China demand rebounds [ID:nSP480156] MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > UK GDP first quarter fall biggest since 1979 [ID:nLM313156] > OECD sees chance of global recovery by year end [ID:nLM54518] > Investors move $21 bln from money markets in week - EPFR [ID:nLM283602] > Russian recession sees unemployment rise to 10.2 pct [ID:nLM238845] > Bank of Japan upgrades economic view on export hopes [ID:nT68020] > Pimco's Gross: U.S. at risk of losing top AAA rating [ID:nN21294698] > US Treasury plans to sell $101 bln debt next week [ID:nN21559422] > US credit rating stable but not guaranteed forever -Moody's [ID:nN21313143] > US pours $7.5 bln into auto lender GMAC [ID:nN21378234] ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS > Unravelling markets bode ill for US economic might [ID:nN21394511] > Federal Reserve support still key to healing US money market [ID:nN21274430] > US dollar slide could be investment game changer [ID:nLL434540] > Banks may try debt swaps but investors balk [ID:nN20373570] > Bond investors embracing banks, despite peril [ID:nN20514972] > European money markets healing but improvement slow [ID:nLI095100] > US banks are kept guessing on TARP repayment [ID:nN19442071] > Price worries again threaten world food outlook [ID:nN19448408] > Investors expect better hedge fund terms [ID:nN19406936] > Wary of US debt, China shifts gears on investment [ID:nPEK173435] > US AAA credit rating safe despite ugly fiscal picture [ID:nN18366282] FACTBOXES > The Federal Reserve's evolving liquidity toolkit [ID:nN19437787] > Major US financial regulation reform initiatives [ID:nN14510432] > Obama administration efforts to tackle financial crisis [ID:nN14509260] > Federal Reserve purchases of US Treasury debt [ID:nN14488054] > US regulators propose regulating OTC derivatives [ID:nN13627181] > Summary of 19 US stress tested banks' capital plans [ID:nN11540406] > Full text ECB statement on rates, asset buying [ID:nECBTEXT] > Facts and figures from Obama's budget [ID:nN06299995] > Details of Chrysler bankruptcy, restructuring plan [ID:nN30323164] > TEXT-G7 communique-April 24 [ID:nN24515491] > World government actions to limit bank bad loan damage [ID:nLL193589] > Where has all the US bailout money gone ? [ID:nN0289041] > G20 summit final communique [ID:nL2577733] > US Treasury details toxic asset plan [ID:nLN437165]
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