from DJ:
1117 GMT [Dow Jones] The euro is sinking Friday with traders citing official comments on Hungary's woes and rumors of derivative problems at a large French bank. The main European bourses have all turned negative and peripheral bond spreads have widened. EUR/USD slides to a fresh 4 year low at 1.2090, EUR/CHF collapses to an all-time low of 1.3865 after the SNB failed to support the cross around 1.40.
-->> Risk Aversion, Fear for spill over effect
1117 GMT [Dow Jones] The euro is sinking Friday with traders citing official comments on Hungary's woes and rumors of derivative problems at a large French bank. The main European bourses have all turned negative and peripheral bond spreads have widened. EUR/USD slides to a fresh 4 year low at 1.2090, EUR/CHF collapses to an all-time low of 1.3865 after the SNB failed to support the cross around 1.40.
-->> Risk Aversion, Fear for spill over effect
Being right is one, taking it from the table is two.