The single currency direction this morning has mostly been influenced by cross currency plays.
FORBES: The Yen's Slow And Methodical Drop
The central banks are fighting to prevent this from happening (cross currency swap lines with each other and low swap rates).
FORBES: Why MF Global Really Went Bankrupt
Rosenberg structured his 2013 pick as a two-part trade, much like a currency cross.
FORBES: Best Ideas 2013: Dave Rosenberg Likes Gold Bullion, Doesn't Like The Euro
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