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)
(END) Dow Jones Newswires
May 18, 2025 20:35 ET (00:35 GMT)
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