A sudden sell-off has wiped half a cent off the value of the euro, sending it down to $1.289 against the US dollar.
Two rumours, both currently unsubstantiated, are to blame.
1) that the Cypriot finance minister Michalis Sarris, has offered to resign, but has had the offer rejected by president Anastasiades.
This is running on several newswires, but we don't yet have any official confirmation.
2) That the vote on the bailout package will go ahead tonight, but that the government MPs will not support the plan, meaning it certainly fails.
That's via the BBC's Athens correspondent, Mark Owen.