Zero Hedge
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

EURUSD Crashes To 1.06 Handle - 7-Month Lows

It appears the stop sbelow yesterday's lows (following The ECB's jawboning of "big cuts" in rates) have been run, sparking a 40 pip waterfall to a 1.06 handle in EURUSD (and there are more ECB speakers to come). These are 7-month lows in EURUSD and are pressing The USD Index to break April's highs.





Charts: Bloomberg