Uneasy conclusions in Washington leave Asian equities in red

FXstreet.com (Chicago) – Washington was unable to pull off a deal yesterday to solve the crisis and with one day before the deadline, agencies such as Fitch announce possible downgrades to the country’s ratings.

The Nikkei 225 remains with slight gains at 0.06% similarly to the Australian S&P/ASX 200 index also matched by the Indonesian IDX up 0.74%. On the contrary, China prints losses with the Shanghai Composite down 0.45% along the Hang Seng down 0.56% and the Indian S&P CNX Nifty and Sensex indexes down 0.39% and 0.29% respectively.

AUD/USD bounces off 0.9498 session lows

AUD/USD consolidates above the 0.95 zone after falling below it on market participants’ reaction to Australian data.
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Metals made tiny steps as risk soars

Washington remains the center of attention in worldwide markets as the possibility of a US default may cause unimaginable panic among market participants. Fitch announced a possible downgrade to the US and talks in the country are set to continue later in the day. Metals fluctuate with highly volatile moods and increase on latest developments.
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