The euro goes into a tailspin on the release of the Bernanke testimony, diving about 50 pips and...

|By:, SA News Editor

The euro goes into a tailspin on the release of the Bernanke testimony, diving about 50 pips and now down 0.4% on the day at $1.3403. It's a curious move given the lack of news in the Chairman's report, and even more curious considering the ECB conjuring up €529.5B earlier had little effect on the currency.