There is no direct impact on the exchange rate of the US dollar, but in order to cope with the impact of the rating, it will be used as an excuse to devalue the US dollar, lower the exchange rate and lower the bank interest rate, thus stimulating the economic development in a good direction.

The downgrade will make investors who buy US Treasury bonds demand higher interest rates, so that they can get a return for taking this risk, which will lead to an increase in the benchmark long-term interest rate. This means that the cost of borrowing will gradually increase. The more interest individuals or companies pay, the less money they spend on other activities.

According to the data of SIFMA Group, a US securities trading group, this downgrade may increase the yield of US Treasury bonds by 0.7 percentage points, thus increasing the financing cost of government debt by about US$ 654.38+000 billion.