The market is risk averse during the US session with stocks and oil dropping, and the US dollar strengthening. The EUR weakened significantly, and EURUSD has broken its support neat 1.3450, reaching a new 10 month low. Unusually, the JPY has weakened while the USD strengthened. This is not the normal correlation that we see. (Reuters) – Fitch Ratings cut Portugal’s sovereign credit rating by one notch to AA- on Wednesday, citing budgetary underperformance in 2009 […]