The EUR/USD sell-off continues unabated, the pairing presently down at 1.3875. Given the focus on the parlous state of German banks, the market probably didn’t need to hear Deutsche Bank CEO opine that 2009 will not be an easy year for the bank.
Rumours of China/Asian central banks buying on the way down (unconfirmed), but have done nothing to support the pairing.
S&P futures are underwater about 4 points, European stocks struggling with DAX 30 down some -1.7%.
Next EUR/USD support 1.3865.
