The Euro Is Plunging, As Basically All Overnight Gains Everywhere Are Erased

With the bloom coming off the Irish bailout rose, the Euro is now plunging. Pretty much all markets everywhere that had been up are now down. That includes US futures.

chart

Oh, and just for comparisons sake, and because it’s a point we keep hitting on, gold is tanking too:

chart

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 research.businessinsider.com.au.

Tagged In

ireland moneygame-us