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The Euro Is Rocketing Higher

Sam RoApr 4, 2013, 23:09 IST

The euro has completely erased earlier losses and now it's exploding higher.

Earlier today, the euro tanked during the European Central Bank's press conference where ECB president Mario Draghi reiterated his commitment to stay accomodative until the economy improves.

The euro rally is particularly stunning relative to the Japanese yen, which tumbled after the Bank of Japan surprised markets with extraordinarily easy monetary policy.

Bloomberg