The euro dropped to a three-week low against the dollar and a record trough against the Swiss franc as fears over a default in Greek government debt intensified.
The inability of eurozone central bankers and finance ministers to agree on a deal for a second bail-out of debt-stricken Athens continued to undermine the single currency.
Analysts said the market was becoming increasingly sensitive to contagion risks from the crisis in Greece, not just to other sovereign states but also to Europe’s banking sector.
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