Quick Search

I just checked Briefing.com and did a quick news search for the Euro-zone and other then the earlier ECB rumor, which doesn't seem to be a major positive or negative, there's nothing much going on, in fact there's some bad news for Greece having to potentially renegotiate the entire Debt write-down PSI deal.

The point being, the move in the Euro doesn't look like a move on any fundamentals or even sewing circle rumors, but rather the typical volatility shakeout upon the psychologically important $1.30 level being broken today as the Euro opened the week on a gap higher to nearly the $1.33 level so it fell fast to break the $1.30 level, thus this move that the market is so correlated to appears just to be a technical shakeout.