After squeezing all of the Euro shorts yesterday and today on the Greece/EU-IMF news, troubles at Italian banks smack the single currency anew. The Euro’s attempt to hold the range may not continue for long. The approval yesterday of the Greek government’s new fiscal plan (yet to be approved by Greek parliament and more importantly for the long run, yet to be approved by the Greek population) by the EU/IMF saw fresh Euro shorts mercilessly squeezed yet again- all the way from the low 1.41’s to as high as 1.4300 today before yet another development sent things the other way: this time in the form of nervousness ... (full story)