THE EURO IS JUST CRUMBLING AND THE DOW IS OFF 190

UPDATED (1:44 p.m.)

Markets in the U.S. continue to trend lower after a disappointing initial jobless claims report, with the Dow off 190 points. 

Indices across the U.S. are selling off, with the S&P 500 and Nasdaq both down more than 1.5 per cent.

The euro is sliding in afternoon trade as well, down more than a penny to $1.2558.

A report from Oliver Wyman showing Spanish banks would need as much as €62 billion under black-sky scenarios added to weakness in the euro.

Below, the currency’s movement today.

Euro USD

Photo: DailyFX

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