Euro rebounds as Germany slaps a ban on naked short-selling

The euro rallied to stand at $1.24.1 this evening.
Germany's securities market regulator overnight slapped a ban on naked short-selling in the shares of 10 financial institutions and euro zone government bonds, a move it hoped would put an end to severe fluctuations.

Naked short-selling occurs when investors sell securities they do not own and have not even borrowed, hoping to be able to buy them back later at a lower price, thereby earning a profit. In regular short-selling, the trader borrows the security before selling it.

For more: RTÉ Business: Euro rebounds after hitting four-year low