<p>It's not clear what's going on, exactly, but there's been a sharp bout of Euro area selling.</p>
<p>The DAX has dropped over 1.3%.</p>
<p>And the Euro has plunged, per this chart from <a href="http://finviz.com/forex_charts.ashx?t=EURUSD">FinViz</a>:</p>
<p><table class="image-container" width="200"><tr><td><div class="image"><img src="http://static1.businessinsider.com/image/50fe58dd69beddfc5900000d-467-344/screen shot 2013-01-22 at 4.14.13 am.png" border="0" alt="image" /></div><p class="source"><a href="http://finviz.com/forex_charts.ashx?t=EURUSD">FinViz</a></p></td></tr></table></p>
<p><a href="http://finviz.com/forex_charts.ashx?t=EURUSD">It's already a risk off day</a>, but around 4 AM things really took a jolt.</p>
<p>UPDATE: There had been a seemingly twitter-borne rumor about Bundesbank chief Jens Weidmann resigning. The Bundesbank has rejected that in strong terms.</p>
<blockquote class="twitter-tweet">
<p>Bundesbank: Market Rumor Of Weidmann Resignation "Utter Garbage"</p>
— DJ FX Trader (@djfxtrader) <a href="https://twitter.com/djfxtrader/status/293649392957784064" data-datetime="2013-01-22T09:20:45+00:00">January 22, 2013</a></blockquote>

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BusinessInsider

The Euro And The DAX Are Tanking Out Of Nowhere

It's not clear what's going on, exactly, but there's been a sharp bout of Euro area selling. The DAX has dropped over 1.3%. And the Euro has plunged, per this chart from FinViz: FinViz It's already a risk off day, but around 4 AM things really took a jolt. UPDATE: There had been a seemingly twitter-borne rumor about Bundesbank chief Jens Weidmann resigning. The Bundesbank has rejected that in strong terms. Bundesbank: Market Rumor Of Weidmann Resignation "Utter Garbage" — DJ FX Trader (@djfxtrader) January 22, 2013

It's not clear what's going on, exactly, but there's been a sharp bout of Euro area selling. The DAX has dropped over 1.

The Euro And The DAX Are Tanking Out Of Nowhere

Joe Weisenthal

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