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LONDON (Reuters) – The dollar fell to a 2009 low on Friday as fears intensified that the United States could lose its triple-A rating, while renewed caution about the world economy and banks prompted Asian and European stocks to slip.

The dollar’s latest decline started when ratings agency Standard & Poor’s cut its ratings outlook on Britain to negative from stable, stoking fears other AAA-rated countries which are running huge debt levels could share a similar fate.

Moody’s Investor Service said on Thursday it was comfortable with its triple-A sovereign rating on the United States but that it was not guaranteed forever.

“The main issues are related to yesterday’s movement on fears that the U.S. might lose its triple-A rating,” said Roberto Mialich, FX strategist at Unicredit in Milan.

Boy, Obambi’s just bringin’&#160 that economy back, ain’t he?

Change you can believe in!!!!!&#160


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One response to “More of that dead horse economy”

  1. Alan K. Henderson says:

    Maybe I should start hoarding Lindens. (For the unconverted, that’s the currency of the Second Life virtual universe.)

    Or maybe latinum. Or quatloos. Or Monopoly money.

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