Morgan Stanley takes the other side of Goldman's trade, shorting the euro at $1.3750 today and...

|By:, SA News Editor

Morgan Stanley takes the other side of Goldman's trade, shorting the euro at $1.3750 today and expecting a retest of $1.30. "(Italian) yields still well above 6% are unsustainable for a debt market of €1.9T ... Italy will have to spend nearly 10% of its annual GDP on interest payments alone." FXE +1.1%. Euro buys $1.3746.