The euro slid against the dollar and the Swiss franc on Tuesday after six days of gains as weak eurozone data and concerns over China weighed on sentiment and boosted currencies viewed as safe havens. "The euro gave up its gains from last week. There is some risk aversion in the market due to some soft eurozone PMI and retail sales data," said Mark McCormick, currency strategist at Brown Brothers Harriman in New York.
The euro earlier dropped 1 percent against the safe-haven Swiss franc to a low of 1.22059 francs, pulling back from a five-week high hit on Monday of 1.23460 on trading platform EBS. It was last down 0.9 percent at 1.22200, with stops cited below 1.22 francs. The euro was down around 0.5 percent against the dollar at $1.44600, taking a breather from recent gains made after Greece approved tough austerity measures last week. The euro had gained more than 2 percent against the greenback last week in its best weekly performance since January. On Monday the euro hit a one-month high versus the dollar at $1.45800.
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