The Euro Is Tanking Hard

Markets in Europe and Asia surged overnight with London’s FTSE up by 0.70%, Germany’s DAX up by 0.79% and the French CAC rising 0.58%.

Asia was particularly strong, where Japan’s TOPIX rose 1.62%, Hong Kong rose 1.04% and China’s CSI jumped 2.44%. Australia’s ASX 200 was up 1.7%.

Meanwhile, the euro, aka global markets’ latest sacrificial lamb, just started tanking hard, breaking through $1.26:

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The euro is now about to test multi-year lows:

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Gold dropped by 0.60% and is now at 1235.40, yet is obviously holding near record levels. Greek and German 10-year bonds held roughly steady and U.S. futures are looking flattish so far as shown by the Finviz graphic below.

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