Early trade in New York: Euro slides

The euro slid broadly on Tuesday as an array of factors from a poor Italian debt auction to bickering between countries about a bailout deal for Greece paved the way for bearish trades. In early New York trade, the euro was down 0.6 percent at $1.4428, retreating from a two-month high of $1.4550 on Monday.
Traders said a series of stop-losses were hit on the way down, with others lurking at $1.4370/60, in line with the euro's 100-day moving average. Against the yen, the euro was down 0.8 percent at 110.62. Traders said the ECB bought significant amounts of 10-year Italian debt in a renewed attempt to support the market. The dollar fell 0.1 percent against the yen at 76.72, staying above an all-time low around 75.94 set earlier in the month, as traders remained wary of possible yen-selling intervention by Japanese authorities.