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Currency
Scary Graph of the Day: euro vs dollar
Warring Greek creditors and higher Spanish yields might both play a part in this large drop.
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FROM FINVIZ, here’s the euro vs. the dollar today:
It’s not totally clear what’s behind the move, but a Wall Street Journal report about how Greek creditors were at “loggerheads” may be a culprit.
It could be something else. Spanish yields are also notably higher on the day.
It could be something else. Spanish yields are also notably higher on the day.
As noted earlier, the drop in the euro is part of a broader “risk off” move.
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