EURUSD Free-Falling

via: ZeroHedge
by: Tyler Durden
July 20, 2012

Tyler Durden's pictureEURUSD just traded under1.2150, down over 130 pips on the day. The question is – will wee see the ubiquitous rip-roaring reversion rally into the European close again? Rather notably this is as big a liquidity/break-up premium to its swap-spread-implied fair-value as we have seen since the peak of the crisis in mid November last year!
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