The Center of Gravity

Greece may leave the eurozone this summer and Spain might be on the verge of a banking system meltdown, yet $EURUSD continues to hover near the center of gravity – the 1.30 level:

Click to enlarge

 

Given the rather steep wall of worry surrounding the eurozone the lack of volatility in EUR/USD is quite surprising – remember that $FED/$ECB dollar swap lines announcement on November 30th?

 

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