USD/CHF drops as US credit downgrade weighs on sentiment

  • The USD/CHF pair is trading 0.5% lower around 0.8330 during North American trading hours on Monday, reflecting a sharp drop in US Dollar sentiment after Moody's downgraded the United States' long-term credit rating from AAA to AA1. This marks a significant hit to the US Dollar's perceived stability, further pressuring the Greenback amid ongoing fiscal challenges.