EFTA Document EFTA01449351

16 May 2013 FX Blueprint: Dashing Buck Theme #8: EMEA Reality Check There are a number of sub-plots and potential themes currently in EMEA FX, but rather than impacting significantly on price action, they seem to have led to paralysis, with correlation patterns versus traditional drivers having converged to near zero in many cases. That is unlikely to last and over the next couple of months we are likely to see a mix of global themes and country-specific factors having much more of a