This EUR negativity is relentless. The existence of the single unit, is being broken down one big figure at a time. This currency is no longer immune to the sovereign debt problem as it has been for the past 24-months. The single unit’s value is within touching distance to where it stood in May 2010 (1.2300), when Europe’s sovereign debt crisis was just getting into full swing. Even with this plethora of Euro bad news since then, the currency trades higher. However, this time around we utter the words, “EUR existence?” far greater. The pressure that has been exerted on the currency over the past five days has come ... (full story)