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Subject WHOA: What Just Happened To The Euro?!

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Original Message 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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