EURO FALLS BELOW $1.25

Down we go!

The euro fell below $1.25 briefly, despite starting the day approximately $0.015 higher in value than it closed last week.

That’s a significant reversal of more positive sentiment we saw this morning, suggesting that investors are rethinking the Spanish bank bailout.

This also seems to be true elsewhere in the markets, with bond yields soaring for Italy and Spain.

Here’s a look at the euro in the last few hours:

chart

Photo: DailyFX

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