Traders are grabbing the Swiss franc with both hands, seeing it as one of the only safe-havens in a world awash in sovereign debt.
Gold has turned into a currency trade from a risk trade and has fallen back to $1390 and the dollar recovers chucks of ground lost to the euro in recent months.
Stocks are sliding and US yields are easing as money moves into safe-haven treasuries as a shelter from the Irish storm.
1.3635 is next support for EUR/USD; we’ve been as low as 1.3670 so far.