EUR/USD has fallen below 1.2300, presently at 1.2275, with reports a large hedge fund was a notable seller in recent trade. Talk of stops below 1.2250 earlier.

EUR/USD is being weighed down by strong selling of the EUR/CHF cross which is presently down at session low 1.3510. Risk aversion picking up, European stocks turning lower again while oil is off about half a buck. What day is it? oh yer Friday.