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17-nation currency plunged toward 8-week
record low against greenback on rising concerns that instruments proposed by European leaders will cease debt affliction. The common currency fell against the US Dollar for
the second consecutive day. Euro lost 0.3% reaching $1.3284 in London morning
trade. The pair currently is trading at $1.3301. Jeremy Hale, Citigroup Inc. executive
of macro strategy, believes the markets are expecting some definitive actions.