Single currency reached two-year low versus the greenback

The single currency weakened to the lowest since 2010 versus the U.S. dollar as European leaders are losing control of the Eurozone's debt crisis. On the top of that, the euro declined to an 11-year low versus the Japanese yen, with 0.6 percent drop to 94.85 level, after touching 94.24. The euro tumbled 0.4 per cent to $1.2106 during New York trading session after 0.7 per cent decline to $1.206.