From Zero Hedge:
It was shaping up like the perfect overnight ramp following yesterday's Goldilocks election result... and then Mario Draghi opened his mouth.
||DRAGHI SAYS DEBT CRISIS STARTING TO HURT GERMAN ECONOMY
||DRAGHI SAYS GERMAN RATES LOWER THAN THEY WOULD BE OTHERWISE
||DRAGHI: CRISIS MAKING GERMAN INTEREST RATES VERY LOW
||DRAGHI SAYS ECB'S OMT IS NOT DISGUISED FINANCING OF GOVERNMENTS
End result, after surging to nearly 1.29 last night, the EURUSD plunged in minutes, and just hit 1.275, the lowest in over two months...
Read full article...
More on the euro:
Merrill Lynch: "Greece is a key risk next week"
Euro crisis: This "worst-case scenario" is now real
Nassim "Black Swan" Taleb reveals the real reason the euro is dying