Asian Markets Skittish Following Fitch’s US Rating Downgrade; Commodity Currencies Bear the Brunt

<p>Market sentiment in Asia today leans heavily toward risk aversion, following the unexpected move by Fitch Ratings to downgrade US sovereign rating. Consequently, commodity currencies are grappling with strong sell-offs. New Zealand Dollar is leading the downward spiral, despite strong wage growth reflected Q2’s employment data. Australian Dollar, still reeling from the aftereffects of yesterday’s […]</p>
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