〇 Moody suggests that it will forgot to downgrade Italy to junk class
Slumps are temporary, funding costs are still low-reviewed and announced next monthPressure on rating if economic recovery is delayed or weaker than expectedMoody’s, a US rating agency, acknowledged that Italy’s credit rating should not be largely affected, “because the downturn is temporary and funding costs are kept low.” The company suggested that it could put off the downgrade of Italy’s rating to junk (speculative) next month.
Buy of USDCAD is all closed. at 1.4061.
Consider new buying EURCHF.