Tail risk cheap, but few takers

The tail end?

Volatility arrows

Despite victory for pro-austerity centre-right parties in the Greek general elections, and a brief fillip for the euro, which rallied to 1.27 against the US dollar before cooling off again to 1.25, the single currency is not out of the woods just yet. Any new government formed by New Democracy and Pasok still has a good chance of presiding over a Grexit, and the pain in Spain’s banking sector has taken government borrowing costs to a new euro-era high. As the price action following the election

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: