Front and center this morning, the currencies are on the warpath versus the dollar this morning. It’s been about a month (when QE3 was announced) that we’ve seen moves like these by the currencies versus the dollar. So, what brought about this strong upward move? Well, I’m glad you asked! Late yesterday afternoon, about the time everyone was ready to head out the door, Moody’s announced that they were keeping Spain’s credit rating unchanged at [...] Moody’s Leaves Spain’s Credit Rating Unchanged appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .