Italy’s A Mess But Draghi’s Backstop Is There; Buy EUR/USD Targeting 1.34

Italy gets a few problems; they need a new Pope and a new Prime Minister. They actually will get a Pope before a Prime Minister. Look, it was a good reminder to the market about how complacent we took the Italian elections – myself included. It’s also a reminder why a technocrat like Monti worked…

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Italy’s A Mess But Draghi’s Backstop Is There; Buy EUR/USD Targeting 1.34 – UBS

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