Among the many déjà vu aspects to the markets in 2012 is that — as in 2011 — traders, analysts and investors have been scratching their heads over the relative buoyancy of the euro relative to the U.S. dollar. As we noted here, Monday was a prime example. European bond spreads reached recent wides, European stocks got clocked but yet the euro was pretty much locked near $1.31, essentially where it’s been since mid January. In fact, Matt Alexy over at TD Securities notes that the euro has traded at $1.3130 on 13 of the last 15 trading sessions. (Today is a rare exception, but it too in some way proves the point, with t ... (full story)