A Consistent but Slow EURUSD Slide May Turn Into a Euro Cascade

Talking Points:

• EURUSD is the benchmark for which we measure the Euro’s performance, but the pair’s slide has deviated from the currency pace
• A Euro slide in earnest has started just over the past weeks amid recognition of unrealistic enthusiasm and new risks ahead
• Italian bonds and the FTSE MIB tumbled to start the week as the country’s coalition government poses a threat to the Euro