EUR/USD Current price: 1.1205 Live Chart for the EUR/USD The EUR/USD pair fell sharply with London opening, as banking woes in Europe triggered risk-averse trading late Thursday. News that the Deutsche Bank has to face a fine of up to $14 billion for mis-selling mortgage securities in the US. Shares of the German lender fell below €10 this Friday for the first time ever, prompting further losses in the common currency. Adding to the negative mode, Commerzbank, the second largest German bank, announced that it will cut as much as 7,300 jobs and stop paying a dividend amid a broad restructuring of its business. Data ... (full story)