Today's euro selloff may have gotten exaggerated by low liquidity, says RBS. With light summer-Friday volumes, "there's not a great deal of conviction" in the market, which can lead to sharp currency moves. The euro's hit multiyear lows against a number of currencies today amid developments involving Spain and Greece. It at $1.2161, versus $1.2280 late Thursday, according to EBS via CQG.
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