Major FX Pairs Quiet Again,Moody's Helps GBP

0758 GMT [Dow Jones] There has been very little movement in the major currency pairs again overnight. The DJIA closed up 0.7%, and that combined with earlier hawkish signals out of Australia and New Zealand lent the risk currencies a prop. Asia's bourses mostly ended higher, with the Nikkei adding a credible 2.5% although the Shanghai Index slipped into the close, ending 0.2% lower. Moody's brought a little cheer to the U.S. and UK, saying it had no plans to revise their Aaa ratings for now, but a worst case scenario could see a cut in 2013. This lent sterling a small bid tone, although GBP/USD struggled to hold above 1.63, EUR/USD ranged between 1.4700 and 1.4740, and USD/JPY headed back towards 89.00 after a raft of strong Chinese data trimmed the need for the JPY's safe haven qualities. For Friday the data slate is light, and the most exciting event is ECB President Jean-Claude Trichet speaking at 1215 GMT. (GST)

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