EUR/USD spiking higher, USD/JPY lower after US rating downgrade

<p>The two other alternatives for global reserve currencies , EUR and JPY, are higher after the US was downgraded by Fitch:</p><ul><li><a href="https://www.forexlive.com/news/fitch-downgrades-usa-long-term-credit-rating-to-aa-from-aaa-20230801/" target="_blank" rel="follow" data-article-link="true">Fitch downgrades USA long-term credit rating to AA+ from AAA</a></li></ul><p>more to come </p>

This article was written by Eamonn Sheridan at www.forexlive.com.