EUR/USD has lost its bid and is now trading easier, down into the 1.3070s.

Good bids are seen at the 1.3050 level but stops from short-term specs are seen clustered around 1.3040/45.

US equities are down about a half-percent and commodities are softer (ex-gold, which is at $1274).

Just crossing the wires, Eurogroup head Juncker says China’s currency remains undervalued.