“The euro remains a sell,” Joe Manimbo, a market analyst at Travelex Global Business Payments, said in the Wall Street Journal article. Investors aren’t seeing “a willingness by the European Central Bank to ramp up government bond purchases. That would buy more time for officials, but we need some type of comprehensive solution that has been elusive to date,” Manimbo added.

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For more information on European euro, visit our euro category.

Read the disclaimer; Tom Lydon is a board member of the funds for Rydex|SGI.

Max Chen contributed to this article.