Amid all the risk-induced hyperactivity in the market, one of the more remarkable moves has to be the one in the euro. During the summer, when Spanish bond yields were waving myriad red flags, the common currency fell to as low as $1.20, with many calling for the slide to continue. But that was before ECB President Mario Draghi delivered his “whatever it takes” speech. Since then, the euro has gone almost straight up, rising as high as $1.3171 this morning. Bravissimo, maestro. When you think about it, Draghi has pulled off one heck of a feat. He pledged the ECB to a potentially massive support program, ... (full story)