Moody's - Negative US Outlook Possible On Tax Cuts

Moody’s – Negative US Outlook Possible On Tax Cuts

Jamie Coleman reports that Moody’s reacted to the deal on tax cuts in the US – they stated that there’s a higher chance of a negative outlook on the American perfect AAA credit rating over the next two years.

US treasury yields are higher once again on this news – ten note yields are at 3.35%, yet the reaction in forex is different – the dollar weakens across the board, with USD/JPY falling to 83.60. Dollar/yen has been highly correlated to US yields. Are we seeing a change?

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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