The euro is shooting higher and is now back above $1.24 after rumours that the European Central Bank will restart its bond-buying program and talk about a new round of quantitative easing.
This comes just moments after it fell below $1.23, breaking an important benchmark after an epick week-long drop.
Dismal job numbers this morning are leading investors to believe that a new round of quantitative easing in the U.S. might finally be in the cards. Meanwhile, there’s also chatter about a return of the ECB in secondary markets for Italian, Spanish, and Portuguese markets.
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