Currency markets around the world are awash with rumours that US terrorist attack suspect Osama bin Laden has been captured in Afghanistan.
As yet there has been no confirmation of story but the rumours have sent the euro below 90 US cents in this afternoon’s trade as traders bought into strenghtening dollar.
Dealers said the rumours are currently swirling around the market.
"Also some technical levels were taken out and there has been selling by big German banks," one dealer said. At 2.45 p.m. the euro was trading at 0.8998 US dollars.