ECB taper talk roils currency markets

Traders work on the floor of the New York Stock Exchange (NYSE)

The euro hit a one-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its €2-trillion stimulus programme.

It was a lively European session. The bond market sell-off and jump in the euro came as a dive in technology stocks after the latest global cyber attack sent European shares to a two-month low.