Eur/usd - 1.2587 ... The single currency fell fm 1.2665 to 1.2545 on active cross selling versus the Japanese yen (eur/jpy tumbled fm around 123.52 to 121.97 after triggering stops at 123.00) on renewed concerns over Eastern European debt, especially with the weekend EU summit rejecting calls for coordinated action. News that AIG would receive another bailout worth 30 BLN also pressured the euro. Offers by various accounts are noted at 1.2630/35, 1.2660 n further out at 1.2700. On the downside, bids by sovereign names are seen at 1.2545/50, 1.2515/20 with sizeable stops building up below 1.2500.
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