The last downgrade for the US credit rating from AAA to AA+ had a heavy impact on the stock markets and the Forex market, adding that the global economy is to face another global crisis, pushing the investors to out from the higher-yielding investments, where the global equities dropped for the lowest level in more than three years.

As for the Forex Market, the major currencies slumped against the American dollar except the Japanese yen that grabbed the investors' investments along with the Swiss Franc, which rose as investors are continuing to search for safe havens.

On the other hand, the Bank of Japan has decided to intervene into the Forex market to sell the Japanese currency to cool the Yen's appreciation against the dollar that has a negative impact on the Japanese exporters, but the downgrade for US long-term credit opposites the BOJs target to keep the yen at the level 80 against the dollar.