Tuesday saw the common currency of the European Union drop against the world's reserve currency, dragged down by investor sentiment in Germany staying negative this month, Bloomberg reports.
After having notched its top value Monday in about four months, the euro also fell due to questions in the euro zone regarding the sovereign debt crisis. Spain is driving toward putting off a solicitation of additional bailout aid to challenge the sovereign debt crisis' economic and financial damages.
"If Spain steps forward (to ask for a bailout) and all of us get some clarity it would remove an element of uncertainty," European FX Research head Derek Halpenny in London told Reuters. "The longer we remain in this scenario the more likelihood is investor confidence will ebb away."
Tuesday's losses of the euro to the U.S. dollar pulled down the euro from its highest value against the dollar since May 4, which was notched on Monday.
Investors also are queasy about 10-year bond yields in Spain checking in at about 6 percent, according to Reuters.
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