EUR/USD back down at 1.2873 after buying from an Asian sovereign earlier offered some fleeting support.
Rekindled fears over euro zone sovereign debt (talk ECB bought 2 year Irish paper today as yields rose), European banks (ECB allocating $430 mln in 7 day credits at a tender offered in cooperation with the Fed to two banks) and general heightened risk aversion on global growth worries, continue to weigh.
US stocks continue to bump along the bottom, S&P still down 2.6%, while oil still off 2 bucks.
