We’ve been watching the important benchmark of the euro valued at $1.25. That broke briefly last week, and it looks like we’re back here again.

Analysts had previously been talking about support around $1.26, but we appear to have blown right through that as the euro continues to lose value.

This dramatic drop in the euro follows an ECB report that hints at some nasty details about bank lending.

Check out the euro trade in the last few hours:


Photo: DailyFX

CHART OF THE DAY: This Is The Scariest Chart In Europe Right Now >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at