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EUR Eying Option Strikes
It difficult to remain engaged in a market that is nearly almost closed this side of the Atlantic. Participants are very much distracted by Hurricane Sandy’s images of destruction that dominates all forms of media. By day’s end, she is expected to cause as much as $20b in economic damage just being one of the biggest Atlantic storm that has made landfall. We are constantly reminded that it’s the first time in over a century that weather has stopped US equity trading for two consecutive days. Pricing and liquidity were an issue for FX in late afternoon yesterday and should be again this morning, that is until ... (full story)
