EUR/USD is trading at 1.1250 already reaching 1.1276, over 100 pips from the close on Friday. Since Friday, the Greek crisis went into overdrive, with the breakup of talks, the Greferendum announcement, the rejection of the bailout, the ECB freeze of ELA and the capital controls. A lot of alarming events. So how come the Sunday gap was not only filled but surpassed? Here are 5 reasons for the comeback: EUR is now a funding currency: The ECB not only has an almost zero lending rate (0.05%) but it also has a negative deposit rate of -0.20%, which basically “punishes” banks for parking money with it. The cheap funding ... (full story)