EUR/USD and EUR/JPY have come under pressure after headlines that Dutch national bank head Wellink has been recalled to Amsterdam and has been forced to cancel a speech. This will intensify fears that Dutch-Belgian bank Fortis is in trouble.
Also weighing on the single currency are comments from IMF official Carnua that Europe should prepare for the worst case scenario. more fuel for the fire is news that German inflation receded to 3.0% in September.
