Greenback firmed against major rivals Wednesday, despite a sell-off in other U.S. assets, as dollar benefit as the major funding currency in times of fear. A very choppy American session closed with dollar stronger across the board, even against Japanese yen, that have been strong for the past two weeks.
Early Asia, EUR/USD comes under fresh pressure as traders react to overnight news that Moody's affirmed its U.S. AAA rating, which could continue favoring greenback once Japan open its doors. Gbp was the main mover early in the day, breaking through 1.6050 barriers and triggering stops as high as 1.6085. EUR/GBP slumped through key support at 0.8720 and the 200-day moving average at 0.8677 on the way to 0.8654 lows.
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