UPDATE: The Euro Just Spiked

About half an hour ago, the euro was hitting new two-year lows around $1.2161.

But that’s all changed in the last few minutes. Since about 9:30, the market has been swiftly rebounding, and the euro is now trading around $1.2230 (slightly off from $1.2240).

Check out EUR/USD:


Photo: DailyFX

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