In a note to clients today, Nomura discusses the break in correlations between the Euro and Greek news over the last few sessions (especially Friday and Monday). "It is too early to say that the correlation has really flipped, and a final collapse in negotiations on Thursday, and subsequent capital controls are still most likely to see the Euro trade lower. But the bigger picture is that Greece matters less and less (and the domino theory is likely to be proved wrong in an actual Grexit-type scenario)," Nomura argues. Why is the Euro holding in? Nomura outlines at least three possible interpretations: 1) Noise is ... (full story)