By Deborah Levine
NEW YORK (MarketWatch) -- The euro reversed earlier gains on Tuesday after comments from a German official indicated less support from Europe's biggest economy for the European Central Bank to introduce any major support for the region's governments. Media reports had the official saying countries should utilize the bailout fund, according to Christopher Vecchio, a currency analyst at DailyFX. In other words, the "ECB is not going to be unveiling big measures this week," he said. The euro EURUSD +0.21% turned down to $1.2280, after topping $1.23 earlier and from $1.2256 Monday. The dollar index DXY -0.06% , which measures the greenback against a basket of six currencies, traded at 82.788, paring its decline from 82.829 in late North American trading on Monday.
