MARKET TALK: The EURollercoaster Continues

So much for the China-will-save-us rally. EUR sinks to lows for the day, despite assurances from Greek conservative party leader Samaras that he's committed to austerity, as Germany's ministry of finance says that the necessary documents from Greece are 'not present' and that it needs further assurances that Greek reforms will continue after elections. EUR/USD at 1.3122.