05:45 Switzerland Unemployment Rate n.s.a (MoM) (Jul) 3.0%
08:30 European Monetary Union Sentix Investor Confidence (Aug) -13.5
The dollar fell for a second day versus the yen after Standard & Poor’s downgrade of the U.S. added to concern the fiscal health of the world’s biggest economy is slipping.
The yen gained versus most major peers as Asian shares slid for a fifth day, supporting demand for Japan’s currency as a refuge.
S&P kept the outlook on the U.S. rating at “negative” as it became less confident Congress will end Bush-era tax cuts or tackle entitlements. The rating may be cut to AA from AA+ within two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” result in higher general government debt, the New York-based company said on Aug. 5 after markets closed.
EUR/USD: the pair decreased in $1.4230 area.
GBP/USD: the pair decreased in $1.6380 area.
USD/JPY: the pair decreased in Y77.80 area.
There is no key news for today.