One of the euro's larger risks in the near-term, even though it is limited, is a hard default on debt by Greece, says Omer Esiner of Commonwealth Foreign Exchange. The fact that Greece hasn't gotten its next tranche of aid leaves the risk out there of another default for the country. That should keep a lid on the euro, Esiner says. Signs of "economic malaise" spreading from the euro zone's periphery to core is also another worry that was reinforced Tuesday when Germany's ZEW reading came in worse than expected, Esiner says. The euro is at $1.2691 from $1.2710 late Monday, according to EBS via CQG. Earlier in the global session, the euro hit a fresh two-month low at $1.2661.
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