For the first time in two years, the single currency breaks the psychological threshold of 1,25, touching at 15.19 quota 1,2497. A "test" for the euro, which promptly recovered while remaining around the support threshold.
The next one, according to analysts, could even be around at altitude 1,20. During the day, the euro suffered a sharp collapse shortly after 13 pm, in parallel with the turn into the red of the MY BAG of Milan.
It is fears about Greece, but also about the fragility of the banking sector in Athens and Madrid, that are frightening stock indexes and currency markets. Increasingly persistent rumors about the implementation of the emergency liquidity program (SHE) by the ECB.
