A sell - off of the euro has been triggered by a few problems relating to the sovereign debt in some country that is in the euro zone. However, this decline might slack a little in speed because the previous euro - bashing trade is becoming almost one - sided which was discovered by the signs and also the overstretched positioning.

It has been reported that the number of times that the euro had fell short in terms of position had risen to almost 44,000 in the past week and it is expected to deteriorate a little more in time.

It has also been reported that a bet was placed by the sum speculators in the previous week against the euro which was a record amount of about $7.6 billion. There have also been a lot of concerns about how countries like Portugal, Spain and Greece would service their various debts and this very concern has been underlining of the fiscal position and the fragility of some of the euro zone countries.

It also seems that the funding problems of the Greek banks might lead to force the European Central Bank that might ward off the European banks from the persistent liquidity drip.