Currency Carnage Continues In Asia, EURUSD 1.04 Pushes DXY Over 100

By Tyler Durden of Zero Hedge

Thursday, March 12, 2015 3:48 AM EDT

As the world's dollar funding shortage continues to unwind, EURUSD has re-collapsed to a 1.04 handle in the Asia session and dragged The USD Index above 100 for the first time since 2003. This is now the fastest surge in the USD since records began and EM FX is getting monkey-hammered. Swissy has almost retraced the entire post-SNB de-peg surge. USD strength has weakened JPY and thus miraculously lifted US equity futures (just as it did last night before the dead cat bounce collapsed to lower-lows).

EURUSD 1.04 (600 pips lower since payrolls)... and USD Index 100.00 (highest since 2003)