"our current circumstances" is correct and usable in written English.
You can use this phrase when you want to describe the present situation or the existing conditions. For example: "Given our current circumstances, I think it's best that we postpone our meeting."
But our current circumstances are decidedly abnormal.
Our current circumstances and our current circumferences may in fact be a toxically perfect fit.
"NBAN has great difficulty in understanding why the so-called expert water planners would attempt to normalise our current circumstances.
Except that our memory of formative events is a shifting, dynamic process: a matter of some fact and quite a lot of reshaping to fit our current circumstances.
Activists are drawing on elements from the Civil Rights and Black Power movements, adapting these modes of political engagement to fit our current circumstances.
But when we're really open to our current circumstances, those sources of goodness are so much easier to draw from, and they yield positive emotions.
As we engage this contest for the future of America, it's important to understand how we got into our current circumstance, and exactly what is at stake.
It is likely that within a few decades people will look back on our current circumstance with a sense of disbelief that we screened for so few conditions" (Collins, 2010, p. 50).
But at a time when we keep hearing that what we -- that is, Americans -- want and need is entertainment that distracts us, palliates us and sugars over our bitter current circumstance, we're in even more danger than usual of sanctioning and even lionizing the second-rate.
Finally, restoring the credibility of the Bank of England and the FSA with regard to general financial stability, which has been shot to pieces by Northern Rock and its aftermath, on our own, in current circumstances, will also be extremely onerous.
"I don't see that happening in our current budget circumstances".
