The euro's sliding, but be careful how you trade it.
In case the current safe-haven demand for the dollar isn't bad news enough for the euro-dollar pair, now comes word that there is a possible snag with aid to Greece. Not surprisingly, the euro fell earlier to a two-month low.
"On the European side, the big negative is that Spain has yet to apply for aid, so that's a factor that is definitely weighing on the euro now," says Jens Nordvig, global head of currency strategy at Nomura Securities. "Then on the U.S. side, the fiscal cliff concern is something that's adding to risk aversion and that's also putting downward pressure" on the common currency.