Just for the record, I know this post from an hour ago is outdated. I’m putting it up here purposefully, as a joke/warning to journalists about what happens when you infer causality.
If they don’t rush to cover the story, it can be read here:
The euro is falling against the dollar after Germany dashed hopes that European leaders would agree on a new plan to stem Europe’s debt crisis by the end of this week.
A German official said it could take until Christmas for the new plan to be agreed upon. Traders had expected some sort of solution by Friday when European leaders meet.
The euro fell to $1.3391 in midday trading Wednesday from $1.3414 late Tuesday.
The British pound rose to $1.5682 from $1.5605. The dollar fell to 77.68 Japanese yen from 77.70 Japanese yen and to 0.9251 Swiss franc from 0.9257.
As of the time of this writing, the euro is trading up for the day against the dollar at 1.314.
Quit trying to outlogic the markets, you pen monkeys.
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