With the S&P down 1.2%, EUR/USD has pulled back to 1.1916, a fresh low for the North American session.
There is nothing particularly new sending the markets to their depths, just more of the same: Sovereign debt concerns, more austerity, more borrowing to fund bailouts, creating more sovereign debt…
1.1850 and 108.00 barriers will be the downside targets overnight should Asian markets go into a tizzy.
