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Big Sell Off of Euro Unlikely

Monday, 23 Apr 2012 | 1:20 AM ET

"There is a lot of bad news in the price [of the euro]. Of course there is a lot of bad news out there but it is hard for the euro to realty sell off dramatically unless we get something new, something that we haven¿t previously anticipated," Elsa Lignos, currency strategist at RBC Capital Markets told CNBC. "I don't think that's the Spanish issues, it's definitely not the IMF. The Dutch issue potentially interesting there's a little bit of political discord at the core but that said French elections at the weekend showed a slightly positive result there," She added.