Bloomberg
By Masaki Kondo - Jul 18, 2011 9:05 AM GMT+0300
The euro fell the most in a week against the dollar and slid to a record versus the Swiss franc on concern European leaders will fail to agree on measures to contain the region’s debt crisis at a summit this week.
The 17-nation currency dropped for the first time in four days versus the yen after European Central Bank President Jean- Claude Trichet reiterated his opposition to any restructuring of Greek debt. The franc strengthened for a seventh day against the euro and the dollar as a decline in Asian stocks boosted demand for safer assets. Australia ’s dollar weakened for a third day as traders added to bets the central bank will cut interest rates over the next 12 months.