It's a new session low for the euro, -0.7% to $1.2422. Every tick down sets a new 2-year low for the currency vs. the dollar. A bit of perspective: The currency first officially traded in January 1999 at about $1.18. It spent the next 22 months sinking, hitting an all-time low of $0.8230 in October 2000. There remains an ocean of room between here and there.