The dollar maintained its momentum, continuing to rally against major currencies in morning trade in Asia Wednesday even as both the Japanese yen and Korean won also gained ground.

The U.S. dollar index climbed to a fresh high of 94.93 overnight. The index that tracks the greenback against a basket of six major currencies gained 0.08% to 94.91 at 11:19PM ET (03:19 GMT).  The dollar is poised to continue climbing.

Meanwhile, the political turmoil in Italy sent investors rushing to U.S. Treasuries and to the Japanese yen.

The United States 10-Year rose to 2.82%, boosting the demand for the dollar.

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