i don't think so b/c the correlations are so tight. US banks have alot invested in Euro debt. also look at the carnage in european stock mkts.
Relatively speaking do you see EURUSD continuing down into 2013? ...and the rate accelerating? Or, why not?
my cycle work forced me to take profits on my pm shorts this am. i think we get a relatively large stock bounce here with the pm's.
answer no, not right now.