Losses in European stocks are accelerating as risk aversion ratchets up, FSTE 100 and DAX 30 off around 1.25%. Oil meanwhile has given up around half a buck.
Against this backdrop EUR/USD is slipping lower, presently at 1.4790. This despite reports of an Asian sovereign buying ahead of 1.4800.
Buy orders, as aforementioned, now seen at 1.4770/80. Stops gathering below there
