Dismal news is sending the euro tumbling - but that doesn't mean you should jump in on weakness.
The euro is having a terrible, horrible, no good, very bad day, especially against the Swiss franc. No surprise, considering the dismal manufacturing and other reports coming out of Europe. But with the single currency having been range bound for so long, does it make sense to jump in on this weakness?
Hardly, says Andrew Busch, global currency and public policy strategist at BMO Capital Markets. "We've got a series of votes that are going to have to happen over the next two months that are pretty touch and go," and if they go the wrong way, the financial stability plan and the Greek bailout will go by the wayside.