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.

As noted earlier, the drop in the euro is part of a broader “risk off” move.

- Joe Weisenthal

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