S&P cuts China to A+ from AA-; outlook stable

Reaction details (09:53)

- AUD/USD dropped to session lows after the downgrade of China. 

Analysis details (09:56)

- Back in June S&P's top sovereign analyst said there was a real chance of a China downgrade so this move should not be a major surprise. Furthermore, Moody's cut their outlook on the sovereign in May. 

21 Sep 2017 - 09:50- Forex- Source: Newswires

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