US bank stocks fall after Fitch warning to downgrade, US 10-year yield plunges

A Fitch Ratings analyst told CNBC on Tuesday that the agency may downgrade several large lenders, including JPMorgan, Reuters reported.

The Dow Jones Industries index, with a strong financial component, opened in negative territory after this headline and lost 0.6% on a daily basis. Reflecting the underperformance of bank stocks, the S&P 500 financial index lost more than 1% at press time.

For its part, the yield on 10-year US Treasury bonds was below 4.2%, which caused the dollar index to lose ground after the publication of retail sales data for July.

USD prices today

The following table shows the percentage change of the US dollar (USD) against the main currencies. The US dollar was the strongest currency against the Australian dollar.

USD USD GBP CAD AUD JPY USD CHF
USD -0.28% -0.36% -0.01% 0.10% -0.05% -0.02% -0.18%
USD 0.29% -0.06% 0.31% 0.40% 0.21% 0.27% 0.13%
GBP 0.35% 0.08% 0.35% 0.45% 0.31% 0.33% 0.16%
CAD 0.00% -0.30% -0.36% 0.10% -0.09% -0.02% -0.21%
AUD -0.16% -0.45% -0.52% -0.14% -0.25% -0.18% -0.33%
JPY 0.07% -0.22% -0.24% 0.06% 0.15% 0.06% -0.12%
USD 0.02% -0.28% -0.35% 0.01% 0.12% -0.04% -0.16%
CHF 0.17% -0.13% -0.19% 0.18% 0.27% 0.08% 0.16%

The heat map shows the percentage changes of major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and move across the horizontal line to the Japanese Yen, the percentage change in the box will represent EUR (base)/JPY (quote).

Source: Fx Street

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