buying cheap EURUSD volatility, which could perform in the event of rising Italian election and Catalonia independence concerns Graphs Graph 1: EI,IRMXN-USDNIXN implied correlation at highs /OM 9034 toe -at 7056 r 1034 5036 401 3016 2096 1 EuR14014.1SOMOt 1y impliedcar — EURMOMJSOMXN 2y imp