The heavy bearishness mounted on the euro once again and the currency surrendered early gains after Eurogroup head Jean-Claude Juncker said that the International Monetary Fund (IMF) might not release its portion of aid for Greece next month.

According to Bloomberg News Juncker said at a conference in Luxembourg There are specific IMF rules and one of those rules says that IMF can only take action when the refinancing guarantee is given over 12 months.

The euro slumped to currently trade around $1.4088 from the intraday high reached today at $1.4266.