The euro has come under some pressure, with EUR/USD down at 1,2560 and EUR/JPY down at 122.70. The slippage comes despite European stocks getting off to a fairly decent start, the DAX 30 up around 1.75%. This apparent disconnect, it has to be said, is a little worrying and underlines the fact that risk aversion remains strong in the forex markets. The main economic data release for the euro-zone comes at 10:00 GMT, with the release of nsa September industrial production expected to show a 1.8% contraction month on month (previous +1.1%) and a 1.2% contraction year on year (previous -0.7%.) Just a little bit more bad news.