With the January air thick with forecasts of the euro dropping to $1.15 or even parity, the...

|By:, SA News Editor

With the January air thick with forecasts of the euro dropping to $1.15 or even parity, the currency took flight, rising 6% in 6 weeks and squashing the shorts. Now - on the day of the continent-saving LTRO - from the FT:  "ECB loan boost heartens euro bulls," coming to print just about the time the currency reverses and dives 1%. Market cycles never get old.