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Quanto Swaps Indicate Euro May Slump 9% if Greece Defaults, Citigroup Says

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Quanto Swaps Indicate Euro May Slump 9% if Greece Defaults, Citigroup Says
The euro will fall 9 percent against the dollar should Greece default, according to Citigroup Inc. prices for quanto credit swaps that allow investors to bet on currency volatility and sovereign debt risk.
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Image by Rude Cech

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