The euro continues to take out new lows, briefly trading below $1.2588, its lowest level since July 2010. The deteriorating market sentiment is also dragging down other higher-yielding currencies and boosting the dollar across the board. European leaders remain divided over how to resolve the euro zone's problems as they gather for an informal summit, with France's Hollande calling for pro-growth policies, while others, including Finnish Prime Minister Jyrki Katainen, arguing against euro bonds to finance more spending.
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