After today’s additional funds for AIG the US government is on the hook for a whopping $162.5 bln US dollars. That news is helping spark another wave of risk aversion, pushing EUR/USD back below 1.2600 despite talk of central bank bids in the 1.2605/10 area. Equities will set the pace for the market today as the Dow is expected toslip below 7,000 at the open.