Rumours of a German Downgrade/Short-Selling Ban
The DAX is falling due to a pair of rumours floating around. The first is that Germany is poised to introduce a short-selling ban. The second is that Germany is about to be downgraded.
EUR/USD just broke below 1.44 but so far the damage hasn’t spread beyond German stocks so we’re guessing it’s the first rumour which is the most likely/most believable.