We’ve fallen as far as 1.3163, within a hare’s breadth of 1.3145, the early October low. Stocks are close to session lows and hopes for the EU summit being a sentiment booster have vanished in near-record time.
UPDATE: Monsieur Coeure says that the ECB may have to step up the bond-buying program but those decisions must be independent…A Bundesbanker, he is not.