The Spanish economy minister is on the wires saying savings banks have accessed EUR 11.2 bln in capital from the state restructuring fund so far. Spanish banks will be shown to be solvent following the European stress tests, the minister says.
EUR/USD is running stops in early New York trade after failing to sustain levels above 1.2700 overnight. Moderate support is seen in the 1.2620 to 35 area.
