Dollar Weakens, Most Treasury Yields Rise After Moody's Cuts U.S.' Credit Rating
0035 GMT — The dollar weakens and most Treasury yields rise in early Asian trade after Moody's Ratings on Friday lowered the U.S.' credit rating to Aa1 from AAA. The greenback is expected to weaken early this week, especially against EUR, GBP and JPY, following the downgrade to the U.S. government's credit rating, CBA's Global Economic & Markets Research team say in a research report. However, 'we do not expect a large fall in the USD because Moody's decision should not influence investors' USD allocations when the other two credit rating agencies downgraded the U.S. in 2023 and 2011,' the team adds. ICE USD Index is 0.3% lower at 100.77, while 10-year Treasury yield is up 3 bps at 4.4701%, FactSet data show. (ronnie.harui@wsj.com)
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Fox News Multimedia Reporters
The Fox News Multimedia Reporters is like no other program in the industry. Qualified candidates are positioned across the country to shoot, produce, edit, and report content for Fox News Media platforms. After two years of ongoing technical training, skill development, and mentorship, our reporters are positioned to become stronger journalists in the field. The Fox News Multimedia Reporters (MMR) is part of our company's ongoing mission to invest in talent. It was implemented in 2011 to build a pipeline for the next generation of skilled, hardworking multiplatform journalists. The Multimedia Reporters operate as one-person-bands with the ability to go live virtually anytime, anywhere. They are trained on top-of-the-line video equipment and streaming technology. Each day they gather news information, conduct live and taped interviews, write stories and deliver news reports on all Fox News Media platforms. Throughout this two-year experience, the reporters are provided with the tools, resources and guidance to develop a comprehensive skill set that prepares them for the future. The MMR program begins with an intensive week-long, hands-on technical training session at Fox News' New York City headquarters. The reporters are then dispatched to their locations where they receive daily guidance and feedback from management. We challenge the multimedia reporters to continually hone their journalistic skills and capabilities.
