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Keep A Close Eye On This FX Pair

By Tyler Durden
Created 03/25/2013 - 09:28
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 03/25/2013 09:28 -0500



 

Wondering why the Euro is losing steam so quickly this morning after the Eurogroup 'saved' Cyprus? Perhaps this FX cross is the reason...

 

Perhaps this is why Italian and Spanish financials and bonds are weaker...

 

[2]

 

Chart: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2013-03-25/keep-close-eye-fx-pair

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[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130325_eurrub.jpg