EUR/USD is down at 1.2260 from a North American close Monday up around 1.2275, with EUR/JPY down at 109.00 from around 109.70. There has been an uptick in risk aversion with Asian stocks trading lower, while oil is off close to three quarters of a buck.
Worries concerning a slowdown in the Chinese economy have been exacerbated by the Conference Board correcting its’ April gauge for the outlook of China’s economy.
Not much at all in way of euro zone data today:
06:45 GMT: French consumer confidence for June expected -39 from previous -38
09:00 GMT: Euro zone consumer confidence for June (final) expected -17
Talk of sell stops now just below 1.2250.
European stocks seen opening lower this morning, FTSE down around 1%, DAX around 0.8%.
