Sentiment is very grey this morning. Talk of a constitutional challenge in Germany to the EU/IMF aid package, G20 suggesting that the fiscal expansionary policies must cease, Sovereign debt woes all over the globe- it’s a bad news day and risk-aversion is the only play. There is talk now of big stops in the AUD/USD below .8000 and this level is getting ever closer once again. The EUR has no friends at all in the FX market and is falling against the USD, JPY, GBP and CHF.