Thursday, September 4, 2014

EURUSD Plunges Below 1.30 As As Eurobond Yields Turn Negative As Far As The Eye Can See

http://www.zerohedge.com/news/2014-09-04/eurusd-plunges-below-130-eurobond-yields-turn-negative-far-eye-can-see

Having promised "whatever it takes" and now doing what many thought was un-possible, Mario Draghi has managed to smash EURUSD back to 14-month lows below 1.30 (without actually buying one bond - just promising) and has sent yields on most European bonds negative to 2Y (and Germany near negative in 4Y).

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