Dollar Shrugs Off Fitch’s US Credit Rating Downgrade, Yen Rallies

Dollar Shrugs Off Fitch’s US Credit Rating Downgrade, Yen Rallies
U.S. one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington on Nov. 14, 2014. Gary Cameron/Reuters
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LONDON/SINGAPORE—The dollar barely budged on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade, while the yen made up ground as traders assessed the Bank of Japan’s approach to monetary policy.

The agency on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of a debt ceiling crisis.