US equities have lost some ground with just over an hour to go on Wall Street. The S&P is down 0.5% and EUR/US has edged lower, to 1.2392 after stalling in the mid-1.24-teens.
Intra-afternoon lows just below the 1.2400 level have given way and a return to morning lows in the 1.2350 area could be see if stock losses accelerate in the last hour.
