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03:08 PM
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WHOA: What Just Happened To The Euro?!
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[quote:Anonymous Coward 7857028:MV8xNzM5NDM5XzI4ODA5NjU0XzhDMzIzMzgz] zerohedge EUR plunging on realization ECB has actually been printing up a ton. Which somehow is also the reason why gold is dropping há 2 horas http://twitter.com/zerohedge [/quote]
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WHOA: What Just Happened To The Euro?!
The euro just fell more than half a cent in the past hour—a dramatic drop in a generally slow-moving trade.
It has even dropped below that $1.30 mark we've been following recently. That price has been an indicator not only for the strength of the currency, but even as a reflection of the stability of the monetary union.
This dip follows a relatively positive Italian bond auction this morning, after action by the European Central Bank last week eased pressure on sovereign borrowing for the Italian and Spanish governments.
Read more: [
link to www.businessinsider.com
]
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