Euro Volatility is Easing, Yet EURUSD Continues to Fall

FX:EURUSD   Euro / U.S. Dollar
500 0 16
Greece was certainly an existential threat to the Euro-area and its currency. Had its negotiations with creditors turned out poorly, the damage to the financial system and Euro             would have been tremendous. Yet, its tentative relief is not generating comparable optimism. There is more behind the Euro's troubles than just the uncertainty for this troubled member.
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