The euro inched lower on unresolved Greek debt issues as European leaders were left in limbo on how to resolve the Greek issues. A Greek default will likely dislocate the global market as investors will question the rest of the peripheral countries bond markets.
The euro had bounced back against the dollar to trade at US$1,3222 after the US GDP figures failed to beat estimates. With the European leaders heading for a summit in Brussels and to discuss key fiscal issues and growth measures set to boost the economy the euro faced a stern test.
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