The euro is seeing some general weakness as concerns over the euro zone debt situation return with something of a bang. The earlier rumour that the ECB has had to buy Irish paper highlights the issue.
Also ECB is said to have accessed Fed swap lines to the tune of $480 mln.
General risk aversion is also playing it’s part as worries over US, China, European growth prospects increase.
Global stockmarkets have been hit hard, while oil is off one and three quarter bucks.
EUR/USD down at session low 1.2900 at writing.
